RPX Corp Attracts Buyers As A Patent Play

RPX Corp RPXC shares are trading higher by $1.27 at $12.29 in Wednesday's session. ParkerVision, Inc. PRKR's favorable patent ruling on Tuesday has instigated buying interest in issues that stand to benefit from favorable patent rulings.

Also, it has been rumored that the RPX board attracted buying interest from private equity groups seeking to acquire the defensive patent aggregator.

It modestly higher opening print of $11.15, currently stands as the low for the session. The ensuing rally has taken the issue into the $12.00 for the first time since December 2015, with the current high being $12.67.

If the rally continues, there may be additional resistance at the matching highs from December 15 and 16, 2015 at $13.55.