Neonode Inc. (NASDAQ:NEON) has lost 6.01% during the past week and dropped 5.71% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 3.89%.
Neonode Inc (NASDAQ:NEON) (TREND ANALYSIS) shares were traded with thin volume. The stock closed last trading session at $3.57, down by -2.19%, with a volume of 255,181 shares against an average volume for the last 3 months of 526,444.
It seems that Neonode has been "the next big thing" in touch screen technology for a long time. This is a company that has long held the promise of best in breed technology, yet it never could translate that into design wins and, more importantly, revenue.
The Executive Chairman of Neonode, Inc (NASDAQ:NEON) 2.97 -0.04 -1.33% and firm's insider Per Bystedt made a purchase of 50,000 shares of the corporation based on the average share price which is $3.3 for share.