Insider Buying: Cara Therapeutics major shareholder Buys 225,818 Shares of Stock (CARA)
Cara Therapeutics (NASDAQ:CARA) major shareholder Ventures Vi Lp Rho bought 225,818 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, February 5th. The stock was purchased at an average cost of $11.00 per share, with a total value of $2,483,998.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Cara Therapeutics (NASDAQ:CARA) traded down 9.71% during mid-day trading on Wednesday, hitting $10.60. The stock had a trading volume of 217,239 shares. The stock’s 50-day moving average is $0. and its 200-day moving average is $0.. The company’s market cap is $45.5 million.
Cara Therapeutics, Inc is a clinical-stage biopharmaceutical company. The Company is focused on developing and commercializing new chemical entities designed to alleviate pain by selectively targeting kappa opioid receptors.
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