Cosi Major Shareholder Purchases $140,549 in Stock (COSI)
Cosi (NASDAQ:COSI) major shareholder Lloyd Miller III purchased 63,886 shares of the company’s stock in a transaction dated Tuesday, October 8th. The shares were purchased at an average cost of $2.20 per share, for a total transaction of $140,549.20. Following the completion of the transaction, the insider now directly owns 12,073 shares in the company, valued at approximately $26,561. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of Cosi (NASDAQ:COSI) traded down 0.45% during mid-day trading on Wednesday, hitting $2.19. The stock had a trading volume of 107,569 shares. Cosi has a one year low of $1.90 and a one year high of $3.92. The stock has a 50-day moving average of $2.32 and a 200-day moving average of $2.40. The company’s market cap is $39.4 million.
Cosi (NASDAQ:COSI) last announced its earnings results on Thursday, August 15th. The company reported ($0.12) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.01) by $0.11. Analysts expect that Cosi will post $-0.23 EPS for the current fiscal year.
Cosi, Inc owns, operates and franchises restaurants, which sells hot and cold sandwiches, freshly-tossed salads, breakfast wraps, Cosi Squagels, hot melts, flatbread pizzas, S’mores and other desserts, and a variety of coffees and specialty coffees along with other soft drink beverages, bottled beverages including premium still and sparkling water, teas and beer and wine in some locations.
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