Insider Buying: Innotrac Corp Major Shareholder Buys 13,245,440 Shares of Stock (INOC)
Innotrac Corp (NASDAQ:INOC) major shareholder Eagle Holdings L.P. Blue acquired 13,245,440 shares of the company’s stock on the open market in a transaction that occurred on Monday, January 6th. The shares were purchased at an average price of $8.20 per share, with a total value of $108,612,608.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of Innotrac Corp (NASDAQ:INOC) remained flat at $8.19 during trading on Tuesday. Innotrac Corp has a 52 week low of $2.55 and a 52 week high of $8.60. The stock has a 50-day moving average of $8.18 and a 200-day moving average of $5.68. The company has a market cap of $108.5 million and a P/E ratio of 4.92.
Innotrac Corp (NASDAQ:INOC) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $1.39 earnings per share (EPS) for the quarter.
Innotrac Corporation (NASDAQ:INOC) provides order processing, fulfillment and customer support contact center services to corporations that outsource these functions.
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