Uni-Pixel (UNXL) Shares Sink On Deal Termination

Shares of Uni-Pixel, Inc. (UNXL) tumbled 32% in early trading Tuesday, putting them on track to extend their yoy slump of 34 percent. Late Monday the touch-sensor technology maker disclosed in a filing with the SEC it exercised its right to terminate its joint manufacturing agreement with Kodak (KODK). The term of the supply agreement was to end on December 31, 2017. Uni-Pixel also disclosed that on April 21, 2015 Robert Rusenko, Chief Operating Officer, separated from service.

UNXL recently lost $2.00 to $3.83. About 6 million shares were traded by 10 a.m. ET Tuesday, above the company’s average trading volume of about 181,000 shares a day. In the past 52 weeks, shares of The Woodlands, Texas-based company have traded between a low of $3.73 and a high of $9.30. Shares are down 30.44% year-to-date.

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