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Medgenics (NASDAQ:MDGN) Director Sol J. Barer bought 60,000 shares of the stock in a transaction dated Monday, May 12th. The shares were purchased at an average cost of $6.91 per share, for a total transaction of $414,600.00. Following the acquisition, the director now directly owns 179,000 shares in the company, valued at approximately $1,236,890. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Shares of Medgenics (NASDAQ:MDGN) opened at 6.83 on Tuesday. Medgenics has a 52 week low of $3.50 and a 52 week high of $9.00. The stock’s 50-day moving average is $6.65 and its 200-day moving average is $7.06. The company’s market cap is $128.1 million.

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