- Ion Geophysical (NYSE:IO) is up 28% over the last two days share purchase disclosures from CEO Brian Hanson, CFO Steven Bate, and directors Franklin Myers and James Lapeyre.
- Hanson bought 220K shares of the seismic hardware/services provider yesterday at $0.33. Bate bought 200K at $0.32, and Myers 100K at $0.32. Lapeyre bought 200.1K shares on Monday at $0.32, and 250K last week via several purchases.
- Ion, pummeled this year as weak oil/gas exploration activity sparked solvency fears, soared two weeks ago in response to a Q3 beat and $25M buyback. Shares are still down 86% YTD.