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Copytele (NASDAQ:COPY) Director Amit Kumar acquired 60,000 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was purchased at an average cost of $0.40 per share, for a total transaction of $24,000.00. Following the purchase, the director now directly owns 508,804 shares in the company, valued at approximately $203,522. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of Copytele (NASDAQ:COPY) traded down 4.59% on Friday, hitting $0.3969. 1,160,092 shares of the company’s stock traded hands. Copytele has a 52 week low of $0.16 and a 52 week high of $0.48. The stock has a 50-day moving average of $0.22 and a 200-day moving average of $0.20. The company’s market cap is $83.5 million.

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

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