Insider Buying: Spherix CEO Buys 2,500 Shares of Stock (SPEX)
Spherix (NASDAQ:SPEX) CEO Anthony Hayes bought 2,500 shares of Spherix stock on the open market in a transaction that occurred on Monday, June 9th. The stock was purchased at an average cost of $1.69 per share, for a total transaction of $4,225.00. Following the purchase, the chief executive officer now directly owns 29,581 shares of the company’s stock, valued at approximately $49,992. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
Spherix (NASDAQ:SPEX) traded up 2.89% during mid-day trading on Tuesday, hitting $1.78. 4,339,062 shares of the company’s stock traded hands. Spherix has a 52 week low of $1.19 and a 52 week high of $27.86. The stock has a 50-day moving average of $1.72 and a 200-day moving average of $4.89. The company’s market cap is $21.8 million.
Spherix Incorporated (NASDAQ:SPEX) operates in two segments: Biospherics and Health Sciences.
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