Insider Buying: D Jonathan Merriman Buys 84,000 Shares of Merriman Holdings Stock (MERR)
Merriman Holdings (NASDAQ:MERR) CEO D Jonathan Merriman purchased 84,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, June 2nd. The shares were purchased at an average cost of $0.12 per share, for a total transaction of $10,080.00. Following the transaction, the chief executive officer now directly owns 18,574,565 shares in the company, valued at approximately $2,228,948. The acquisition was disclosed in a filing with the SEC, which is available at this link.
Shares of Merriman Holdings (NASDAQ:MERR) traded up 2.50% on Wednesday, hitting $0.123. 10,100 shares of the company’s stock traded hands. Merriman Holdings has a one year low of $0.05 and a one year high of $0.20. The stock’s 50-day moving average is $0.1 and its 200-day moving average is $0.10. The company’s market cap is $15.3 million.
Merriman Holdings, Inc is a financial services holding company. The Company primarily provides investment banking, sales and trading execution services, and capital markets advisory services through its primary operating subsidiary, Merriman Capital, Inc (NASDAQ:MERR).
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