Insider Buying: Point.360 CEO Acquires 100,000 Shares of Stock (PTSX)
Point.360 (NASDAQ:PTSX) CEO Haig S. Bagerdjian bought 100,000 shares of Point.360 stock in a transaction that occurred on Friday, June 6th. The shares were purchased at an average cost of $0.38 per share, for a total transaction of $38,000.00. Following the completion of the transaction, the chief executive officer now directly owns 6,122,751 shares of the company’s stock, valued at approximately $2,326,645. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Point.360 (NASDAQ:PTSX) traded up 1.94% during mid-day trading on Friday, hitting $0.3569. 35,160 shares of the company’s stock traded hands. Point.360 has a 52 week low of $0.27 and a 52 week high of $1.40. The stock’s 50-day moving average is $0.4 and its 200-day moving average is $0.49. The company’s market cap is $3.8 million.
Point.360 is an integrated media management services company providing film, video and audio post-production, archival, duplication, computer graphics and data distribution services to motion picture studios, television networks, independent production companies and multinational companies.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.