Insider Buying: Lewis H. Titterton, Jr. Buys 100,000 Shares of Copytele Stock (COPY)
Copytele (NASDAQ:COPY) Director Lewis H. Titterton, Jr. acquired 100,000 shares of the stock on the open market in a transaction that occurred on Tuesday, January 21st. The stock was purchased at an average cost of $0.21 per share, for a total transaction of $21,000.00. Following the completion of the purchase, the director now directly owns 9,894,025 shares of the company’s stock, valued at approximately $2,077,745. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 1-year low of $0.16 and a 1-year high of $0.40. The stock’s 50-day moving average is $0.19 and its 200-day moving average is $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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