Insider Selling: Lp Kinderhook Sells 1,899,918 Shares of Patient Safety Technologies Stock (PSTX)
Patient Safety Technologies (NASDAQ:PSTX) major shareholder Lp Kinderhook unloaded 1,899,918 shares of Patient Safety Technologies stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $2.20, for a total value of $4,179,819.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Separately, analysts at Roth Capital downgraded shares of Patient Safety Technologies from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, January 2nd.
Patient Safety Technologies (NASDAQ:PSTX) remained flat at $2.19 during during mid-day trading trading on Monday. The stock had a trading volume of 64,146 shares. Patient Safety Technologies has a one year low of $1.10 and a one year high of $2.36. The stock has a 50-day moving average of $1.72 and a 200-day moving average of $1.88. The company’s market cap is $85.0 million.
Patient Safety Technologies, Inc focuses on the development, marketing and sales of products and services in the medical patient safety markets.
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