Breaking Finance News

BREAKING- Vringo Spikes 13 Percent Higher (VRNG)

UPDATE: See text of court ruling here.

Around 10:37 EDT, shares of Vringo (NASDAQ: VRNG) spiked nearly 13 percent. No news has been attributed to the move yet. We will follow the story and update as more verifiable information comes available. For now, monitor the Twitter chatter below.

Remember this story? It was a Friday when the stock popped but finished much higher by the end of the day.  

About Vringo:

Vringo, Inc., together with its subsidiaries, engages in the innovation, acquisition, licensing, and protection of intellectual property worldwide. Its intellectual property portfolio consists of approximately 500 patents and patent applications covering telecom infrastructure, Internet search, and mobile technologies. The company operates a global platform for the distribution of mobile social applications and services it develops. It operates Facetones platform, which is a social ringtone application that generates social visual ringtone content automatically by aggregating and displaying a user’s friends’ pictures from social networks and then displaying the pictures as a video ringtone, as well as a video ringback tone; and Video Ringtone platform, which enables users to create, download, and share video ringtones. The company is headquartered in New York, New York.

[stock-tools exchange="NASDAQ" symbol="VRNG" image_height="230" image_width="350"]

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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