Breaking Finance News

BREAKING- Vringo Spiking 8 Percent (VRNG)

UPDATE: Watch for resistance at $3.76 and $4.15.

UPDATE: Bloomberg confirming that Vringo is entitled to damages in suit with Google. (NASDAQ: GOOG). The full text of the ruling is posted below.

Shares of Vringo (NASDAQ: VRNG) spike 8 Percent around 3:30 p.m. EDT Friday. The stock is up $0.21 to $3.42. The stock is up less than 1 percent in the past 6 months but is highly volatile.

Vringo is a $279 million company that acquires, licenses, and protects patents. It’s portfolio consists of about 500 patents and patent applications in the telecom infrastructure, Internet search, and mobile technologies.

Vringo v Google

[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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