Information Analysis Incorporated Major Shareholder Joseph Patrick Daly Purchases 25,000 Shares (IAIC)
Information Analysis Incorporated (NASDAQ:IAIC) major shareholder Joseph Patrick Daly purchased 25,000 shares of Information Analysis Incorporated stock on the open market in a transaction dated Friday, January 3rd. The shares were purchased at an average cost of $0.18 per share, for a total transaction of $4,500.00. Following the transaction, the insider now directly owns 325,000 shares in the company, valued at approximately $58,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Information Analysis Incorporated (NASDAQ:IAIC) traded up 19.76% during mid-day trading on Friday, hitting $0.20. The stock had a trading volume of 103,000 shares. Information Analysis Incorporated has a one year low of $0.12 and a one year high of $0.18. The stock has a 50-day moving average of $0.16 and a 200-day moving average of $0.15. The company’s market cap is $2.2 million.
Information Analysis Incorporated (NASDAQ:IAIC) is in the business of modernizing client information systems, developing and maintaining information technology systems, and performing consulting services to government and commercial organizations.
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