A Major Shareholder at Turtle Beach Corp (NASDAQ: HEAR) is Selling Shares

By George MacDonald

Today, a Major Shareholder at Turtle Beach Corp (NASDAQ: HEAR), Carmine Bonanno, sold shares of HEAR for $175.4k.

Over the last month, Carmine Bonanno has reported 6 Sell trades on HEAR for a total of $572.4k. In addition to Carmine Bonanno, 2 other HEAR executives reported Sell trades in the last month.

The company has a one year high of $3.72 and a one year low of $0.83. Currently, Turtle Beach Corp has an average volume of 169.5k.

Looking at blogger coverage of HEAR, there is a 80% Bearish tendency on the stock, in relation to a 75% average bullish tendency within the Technology sector.

Over the last 3 months, the insider sentiment on Turtle Beach Corp has been negative based on 27 corporate insider transactions. This sentiment is lower than the average sector sentiment of insiders.

Turtle Beach Corp. is an audio technology company that develops and markets innovative audio products for consumer and commercial markets. The company operates through two segments: Voyetra Turtle Beach and HyperSound. It designs and markets premium audio peripherals for video game consoles, personal computers and mobile devices under the brand Turtle Beach (TurtleBeach.com), including officially-licensed headsets for the next-generation Xbox One and PlayStation 4 consoles. The company under the brand name HyperSound it markets pioneering directed audio solutions that beam sound to a specific listening area without the ambient noise of traditional speakers. The company was founded by James A. Barnes and Elwood G. Norris on June 2, 2010 and is headquartered in Valhalla, NY.