Why Vringo (VRNG) Stock Is Gaining Today

NEW YORK (TheStreet) -- Vringo (VRNG)VRNG was gaining 20.4% to $1.06 Monday following several insider buys that come after a court ruling against the company.

Vringo CFO Anastasia Nyrkovskaya purchased 16,000 shares of the company at 91 cents a share Monday. On Friday director Joseph Spiegel purchased 30,000 shares of the company at 89 cents a share.

The insider buys come after an appeals court ruled that patents claims Vringo recently brought against Google (GOOGL)GOOGL are invalid. The company said it was "evaluating its options with respect to the case" following the ruling.

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VRNG Chart VRNG data by YCharts

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