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Copytele (NASDAQ:COPY) CEO Robert Andrew Berman purchased 25,000 shares of the company’s stock on the open market in a transaction dated Tuesday, January 21st. The stock was purchased at an average price of $0.21 per share, for a total transaction of $5,250.00. Following the acquisition, the chief executive officer now directly owns 41,902 shares of the company’s stock, valued at approximately $8,799. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of Copytele (NASDAQ:COPY) traded up 16.00% on Thursday, hitting $0.29. The stock had a trading volume of 874,746 shares. Copytele has a 52-week low of $0.16 and a 52-week high of $0.40. The stock has a 50-day moving average of $0.19 and a 200-day moving average of $0.20. The company’s market cap is $60.2 million.

CopyTele, Inc (NASDAQ:COPY) is engaged in development, acquisition, licensing, and enforcement of patented technologies.

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