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Copytele (NASDAQ:COPY) Director Bruce F. Johnson acquired 15,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, January 30th. The stock was purchased at an average price of $0.40 per share, with a total value of $6,000.00. Following the transaction, the director now directly owns 6,871,428 shares of the company’s stock, valued at approximately $2,748,571. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of Copytele (NASDAQ:COPY) traded down 11.82% during mid-day trading on Monday, hitting $0.35. The stock had a trading volume of 732,510 shares. Copytele has a 52-week low of $0.16 and a 52-week high of $0.48. The stock’s 50-day moving average is $0.22 and its 200-day moving average is $0.20. The company’s market cap is $73.7 million.

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

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