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Lightwave Logic (NASDAQ:LWLG) COO James S. Marcelli purchased 6,700 shares of the company’s stock on the open market in a transaction dated Friday, July 11th. The stock was purchased at an average price of $0.75 per share, for a total transaction of $5,025.00. Following the completion of the acquisition, the chief operating officer now directly owns 246,700 shares of the company’s stock, valued at approximately $185,025. The purchase was disclosed in a filing with the SEC, which is available at this link.

Shares of Lightwave Logic (NASDAQ:LWLG) opened at 0.95 on Thursday. Lightwave Logic has a one year low of $0.78 and a one year high of $1.71. The stock’s 50-day moving average is $0.92 and its 200-day moving average is $1.07. The company’s market cap is $50.4 million.

Lightwave Logic, Inc is developing advanced organic nonlinear materials to be used to make electro-optic polymers and non-linear all-optical polymers and photonic devices that utilize them.

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