Insider Buying: Matthew D. Houk Buys 24,820 Shares of Winland Electronics Stock (WELX)
Winland Electronics (NASDAQ:WELX) Director Matthew D. Houk purchased 24,820 shares of the stock on the open market in a transaction that occurred on Friday, June 6th. The stock was purchased at an average cost of $0.77 per share, for a total transaction of $19,111.40. Following the completion of the purchase, the director now directly owns 317,025 shares in the company, valued at approximately $244,109. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Winland Electronics (NASDAQ:WELX) traded up 6.67% during mid-day trading on Friday, hitting $0.80. 18,350 shares of the company’s stock traded hands. Winland Electronics has a 1-year low of $0.30 and a 1-year high of $0.82. The stock’s 50-day moving average is $0.60 and its 200-day moving average is $0.54. The company’s market cap is $3.0 million.
Winland Electronics, Inc (NASDAQ:WELX) provides a line of environmental monitoring products to the security industry.
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