Invivo Therapeutics Holdings Corp Major Shareholder Francis Reynolds Unloads 24,000 Shares (NVIV)
Invivo Therapeutics Holdings Corp (NASDAQ:NVIV) major shareholder Francis Reynolds unloaded 24,000 shares of Invivo Therapeutics Holdings Corp stock on the open market in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $1.50, for a total value of $36,000.00. Following the sale, the insider now directly owns 11,463,920 shares in the company. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
A number of research firms have recently commented on NVIV. Analysts at Zacks reiterated a “neutral” rating on shares of Invivo Therapeutics Holdings Corp (NASDAQ:NVIV) in a research note to investors on Tuesday, August 27th. They now have a $2.00 price target on the stock. Analysts at Aegis raised their price target on shares of Invivo Therapeutics Holdings Corp (NASDAQ:NVIV) from $6.00 to $7.00 in a research note to investors on Friday, August 23rd. They now have a “buy” rating on the stock.
Shares of Invivo Therapeutics Holdings Corp (NASDAQ:NVIV) traded down 5.06% on Friday, hitting $1.50. 334,981 shares of the company’s stock traded hands. Invivo Therapeutics Holdings Corp has a 52 week low of $0.94 and a 52 week high of $6.20. The stock’s 50-day moving average is $3.42 and its 200-day moving average is $3.33. The company’s market cap is $117.9 million.
InVivo Therapeutics Holdings Corp., formerly Design Source, Inc is a development-stage company. The Company is developing and commercializing technologies for the treatment of spinal cord injuries.
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