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Rovi up 6.7% after director discloses 10K-share purchase

Nov. 23, 2015 3:05 PM ETRovi Corporation (ROVI) StockROVIBy: Eric Jhonsa, SA News Editor
  • Nathaniel Lucas discloses he bought 10K ROVI shares last Thursday at $10.42, bringing his total stake to 35,214.
  • The purchase comes less than a month after Rovi plunged in the wake of a Q3 miss blamed on the end of a licensing contract with a consumer electronics OEM.
  • Activist Engaged Capital (won two board seats in May)has continued buying Rovi shares since the Q3 report. Following its most recently-disclosed purchase (on Nov. 10), Engaged owned 1.04M shares.

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