Insider Selling: CombiMatrix Director Sells 13,679 Shares of Stock (CBMX)
CombiMatrix (NASDAQ:CBMX) Director R Judd Jessup sold 13,679 shares of CombiMatrix stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $2.00, for a total value of $27,358.00. Following the sale, the director now directly owns 31,174 shares of the company’s stock, valued at approximately $62,348. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Zacks reiterated an “outperform” rating on shares of CombiMatrix in a research note on Friday, August 8th. They now have a $3.50 price target on the stock.
Shares of CombiMatrix (NASDAQ:CBMX) traded up 3.00% during mid-day trading on Thursday, hitting $2.06. 174,284 shares of the company’s stock traded hands. CombiMatrix has a 52 week low of $1.91 and a 52 week high of $4.44. The stock’s 50-day moving average is $2.20 and its 200-day moving average is $2.54. The company’s market cap is $22.8 million.
CombiMatrix Corporation is a molecular diagnostics company. The Company operates in the field of genetic analysis and molecular diagnostics through its wholly owned subsidiary, CombiMatrix Molecular Diagnostics, Inc located in Irvine, California.
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