Why Parkervision (PRKR) Is Up Today

NEW YORK (TheStreet) -- Parkervision  (PRKR) rose 8.57% to $5.32 at 1:35 p.m. on Friday after the company, which develops and markets semiconductor technology solutions for wireless applications, closed the sale of some of its common stock.

The company sold 2,666,666 shares at $4.50 a share for net proceeds of approximately $11.9 million. More than 1.1 million shares had changed hands just after 1:30 p.m., more than the average volume of 704,553.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

PRKR Chart

PRKR data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

If you liked this article you might like

ParkerVision (PRKR) Stock Spikes on Samsung License, Settlement Deal

5 Stocks Under $10 Set to Soar Higher

5 Breakout Stocks Under $10 Set to Soar

Parkervision (PRKR) Reports Second-Quarter Earnings

5 Stocks Ready for Breakouts