Insider Buying: William Donovan Purchases 9,600 Shares of Spine Pain Management Stock (SPIN)
Spine Pain Management (NASDAQ:SPIN) CEO William Donovan acquired 9,600 shares of the stock on the open market in a transaction that occurred on Wednesday, June 4th. The stock was purchased at an average cost of $0.35 per share, with a total value of $3,360.00. Following the completion of the transaction, the chief executive officer now directly owns 3,249,541 shares in the company, valued at approximately $1,137,339. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Spine Pain Management (NASDAQ:SPIN) remained flat at $0.35 during trading on Friday. Spine Pain Management has a one year low of $0.21 and a one year high of $0.71. The stock’s 50-day moving average is $0.44 and its 200-day moving average is $0.46. The company’s market cap is $6.6 million.
Spine Pain Management, Inc is a medical marketing, management, billing and collection company. The Company provides turnkey solutions to spine surgeons, orthopedic surgeons and other healthcares providers for necessary and appropriate treatment of musculo-skeletal spine injuries resulting from automobile and work-related accidents.
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