Eye Catching Stock News: ION Geophysical Corporation (NYSE:IO)

ION Geophysical Corporation (NYSE:IO) stock identified change of 94.17% away from 52-week low price and recently located move of -48.50% off 52-week high price. It has market worth of $128.92MM. IO stock has been recorded 3.08% away from 50 day moving average and -7.42% away from 200 day moving average. Moving closer, we can see that shares have been trading 4.17% off 20-day moving average.

On Dec. 27, 2019, ION Geophysical Corporation (NYSE:IO) released that Steve Bate, Executive Vice President and Chief Financial Officer, will be retiring and stepping down from his position as CFO effective February 1, 2020.  Mr. Bate, who joined ION in 2005, will remain with ION as a Strategic Advisor to the CEO until the end of June to facilitate a seamless transition.

On behalf of ION and our Board of Directors, I would like to thank Steve for his many contributions over the last 15 years, said Chris Usher, ION’s President and Chief Executive Officer.  He has held a number of financial and operational leadership positions at ION and was instrumental in helping us navigate multiple challenging E&P cycles.

Mr. Bate will be succeeded by Mike Morrison as the Company’s Executive Vice President and Chief Financial Officer (Interim).  In his 17-year tenure with ION, Mr. Morrison has excelled in a variety of senior positions in finance and accounting, mostly recently as Vice President of Finance and Treasurer.

Mike has in-depth knowledge and extensive experience to effectively steward ION’s financial management, said Chris Usher, ION’s President and Chief Executive Officer.  He has worked closely with our executive team on a number of strategic financial initiatives, including multiple capital market transactions, and I’m looking forward to working with him to deliver value to all of our stakeholders.

The Basic Materials sector company, ION Geophysical Corporation noticed change of 0.11% to $8.99 along volume of 67241 shares in recent session compared to an average volume of 106.26K. The stock observed return of 1.47% in 5 days trading activity. The stock was at 4.17% over one month performance. IO’s shares are at 2.98% for the quarter and driving a 86.51% return over the course of the past year and is now at 73.55% since this point in 2018.

The average volatility for the week at 2.62% and for month was at 4.19%. There are 14.34M shares outstanding and 10.22M shares are floated in market. Right now the stock beta is 3.95.

John Gonzalez covers business and finance news. He is the only person we trust to provide breaking news in the finance category. Having already completed an Associates Degree in Psychology, John Gonzalez is now finishing his Bachelor’s degree in Communications. In preparation for working in the advertisement sector, John is writing financial content and analysis. On a daily basis, he works on articles regarding the following topics: business, top trends, technology, and politics.

Address: 7302 Benton Street, Arvada, CO 80003, USA

Email: John@shopordered.com

Zip Code: 80003

Phone Number: 303-420-7222

Leave a Reply

Your email address will not be published. Required fields are marked *