Insiders Are Buying ION Geophysical Corporation (NYSE:IO)

According to the latest SEC filings, insiders at ION Geophysical Corporation (NYSE:IO) have increased their position in the stock by 7.60% over the past 6 months.  Insiders now own 3.80% of total outstanding shares. 

University of Michigan professor and noted insider trading researcher discovered that when insiders bought shares of their own companies, the stocks outperformed the total market by 8.9% over the next 12-month period.  When they sold shares, the stock underperformed 5.4%.


ION Geophysical Corporation (NYSE:IO) stands -2.77% away from its 50-day simple moving average and also -23.56% away from the 200-day average.  Recently, the equity stands -49.40% away from the 52-week high and 9.71% from the 52-week low.  The RSI (Relative Strength Index), an indicator that shows price strength by comparing upward and downward close-to-close movements is 45.22.


Wall Street analysts on the sell-side covering shares of ION Geophysical Corporation (NYSE:IO) have a mean recommendation of 3.00 on the shares.  This is based on a numerical chart where each stock recommendation (Buy,Sell,Hold) is translated into a numerical equivalent.  A low number indicates a Buy and a higher number a Sell.  In terms of where analysts see the stock headed, they have a consensus price target of $5.00  on the shares.

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