Analogic Corporation (NASDAQ:ALOG) insider has latelyjoinedan insider trading activity. See Remarks, Ryan James Patrick sold 180 shares for $15,075 via through transaction Dec 15. Following the transaction, the insider now holds 2,210 shares in the company, priced at $183651 as of Friday. Additional notable insider trading was performed by the same insider on Nov 15. Ryan James Patrick Sold 1,856 shares with $89.47 as the average price of common stock. That amounts to $166,058 in total. Apart from this, BAILEY BERNARD C carried out a sale of 5,000 shares at $85.10 per share on Dec 16. The transaction was worth $425,500. Director BLACK JEFFREY P sold 2,706 shares for $227,683 via one transaction Dec 20. Following this sale, this insider’s ownership comprises 3,941 shares, priced at $327497.1 as of Friday.
The stock has seen a count of 14 insider trades in the past 3 months. These transactions include 13 sell trades and 1 buy activities. Furthermore, over the past 12 months, insider traded the stock on 48 occasions. In 46 instances, an employee was a seller while the insider of the company was the buyer in just 2 times.
Analogic Corporation (ALOG) on December 21, 2016 announced that its ConneCT™ Checkpoint CT (computed tomography) screening system has achieved critical milestones toward U.S. Transportation Security Administration (TSA) certification. The ConneCT has passed all required independent product environmental and safety testing and was accepted into the U.S. DHS Transportation Laboratory (TSL) for the data collection phase of the U.S. TSA certification process, representing a significant step toward going to market.
“Reaching these milestones so quickly is a tribute to the engineering and design excellence of Analogic’s technical teams,” said Jim Ryan, senior vice president and general manager, Security Systems. “The ConneCT embodies 25 years of Analogic’s leadership and innovation in aviation and medical CT technology. We are on track for TSA and international certification testing in early 2017 and look forward to delivering the security solution the industry and the traveling public have been waiting for.”
Analogic’s ConneCT system is a high throughput security screening system designed for airport security checkpoints as well as other critical infrastructure protection applications. It uses Analogic CT technology and automated threat detection software to provide superior passenger throughput, increased security and lower total cost of ownership. The ConneCT also features a compact footprint and design, making it easy for airports to upgrade to ConneCT from current 2D X-ray scanners.
“The wait is over. Airport trials with Analogic’s CT technology indicate that the ConneCT can reduce peak travel wait times considerably while increasing security when used as part of an optimized checkpoint solution,” said Mark Laustra, vice president global business development and government relations. “We will be working closely with certification agencies, international airports and airlines in 2017 to bring the ConneCT to market.”