Insider Buying: Integrated Drilling major shareholder Purchases 5,000 Shares of Stock (IRIG)
Integrated Drilling (NASDAQ:IRIG) major shareholder Empeiria Investors Llc bought 5,000 shares of the stock in a transaction dated Wednesday, April 16th. The shares were purchased at an average price of $105.84 per share, for a total transaction of $529,200.00. Following the completion of the acquisition, the insider now directly owns 5,000 shares in the company, valued at approximately $529,200. The acquisition 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.
Shares of Integrated Drilling (NASDAQ:IRIG) traded up 4.33% on Friday, hitting $3.13. 8,009 shares of the company’s stock traded hands. Integrated Drilling has a 1-year low of $2.50 and a 1-year high of $8.75. The stock has a 50-day moving average of $4.59 and a 200-day moving average of $4.01. The company’s market cap is $27.6 million.
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