Insider Buying: Medgenics Director Buys 28,000 Shares of Stock (MDGN)
Medgenics (NASDAQ:MDGN) Director Sol J. Barer purchased 28,000 shares of the company’s stock on the open market in a transaction dated Friday, June 13th. The shares were purchased at an average price of $7.96 per share, for a total transaction of $222,880.00. Following the completion of the transaction, the director now directly owns 207,000 shares of the company’s stock, valued at approximately $1,647,720. The acquisition was disclosed in a document filed with the SEC, which is available at this link.
Shares of Medgenics (NASDAQ:MDGN) traded down 1.79% during mid-day trading on Monday, hitting $7.66. 49,314 shares of the company’s stock traded hands. Medgenics has a 52 week low of $3.50 and a 52 week high of $9.00. The stock’s 50-day moving average is $7.00 and its 200-day moving average is $7.15. The company’s market cap is $143.2 million.
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