Ideal Power Inc. (NASDAQ:IPWR - Get Free Report) shares shot up 0.2% during trading on Thursday . The stock traded as high as $6.49 and last traded at $6.33. 33,855 shares were traded during trading, an increase of 28% from the average session volume of 26,518 shares. The stock had previously closed at $6.32.
Ideal Power Trading Up 0.5 %
The stock has a 50-day moving average price of $7.02 and a two-hundred day moving average price of $7.38.
Insider Buying and Selling at Ideal Power
In other Ideal Power news, CEO Daniel Brdar bought 4,500 shares of Ideal Power stock in a transaction dated Tuesday, November 19th. The shares were purchased at an average cost of $5.91 per share, for a total transaction of $26,595.00. Following the acquisition, the chief executive officer now directly owns 179,526 shares in the company, valued at approximately $1,060,998.66. This represents a 2.57 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 5.02% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Ideal Power by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 268,926 shares of the industrial products company's stock valued at $2,393,000 after buying an additional 5,004 shares during the period. Bailard Inc. increased its position in Ideal Power by 13.8% during the second quarter. Bailard Inc. now owns 25,615 shares of the industrial products company's stock valued at $181,000 after acquiring an additional 3,100 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Ideal Power by 13.2% in the third quarter. Geode Capital Management LLC now owns 77,877 shares of the industrial products company's stock valued at $639,000 after acquiring an additional 9,075 shares during the period. Hedge funds and other institutional investors own 16.37% of the company's stock.
Ideal Power Company Profile
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Ideal Power Inc focuses on the development and commercialization of its bidirectional bipolar junction TRANsistor solid-state switch technology. It also offers SymCool Power Module designed to meet low conduction loss needs of the solid-state circuit breaker market. The company serves electric and hybrid electric vehicles, electric vehicle charging, renewable energy and energy storage system power converters, uninterruptible power supplies for data centers, industrial motor drives, solid-state circuit breakers, distribution and transmission switches and controls, and other industrial and military markets.
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