Unwired Planet Inc. (UPIP) Drops 10.78% on January 29

Equities Staff |

Unwired Planet Inc. (UPIP) was one of the Russell 2000's biggest losers for Friday January 29 as the stock slid 10.78% to $9.60, a loss of $-1.16 per share. Starting at an opening price of $10.46 a share, the stock traded between $8.69 and $10.46 over the course of the trading day. Volume was 28,752 shares over 234 trades, against an average daily volume of 18,994 shares and a total float of 784,673.

The losses send Unwired Planet Inc. down to a market cap of $7.53 million. In the last year, Unwired Planet Inc. has traded between $13.20 and $6.48, and its 50-day SMA is currently $10.84 and 200-day SMA is $9.29.

Unwired Planet Inc is an intellectual property licensing company with mobile technology patents and patent applications. The patents cover technology associated with mobile communications.

Unwired Planet Inc. is based out of Reno, NV and has some 16 employees. Its CEO is Boris Teksler.

For a complete fundamental analysis analysis of Unwired Planet Inc., check out Equities.com’s Stock Valuation Analysis report for UPIP. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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