Insider Buying: Petvivo Holdings major shareholder Acquires 4,000,000 Shares of Stock (PETV)
Petvivo Holdings (NASDAQ:PETV) major shareholder John Lai purchased 4,000,000 shares of Petvivo Holdings stock on the open market in a transaction dated Thursday, August 14th. The shares were purchased at an average cost of $0.01 per share, for a total transaction of $40,000.00. Following the completion of the transaction, the insider now directly owns 1,778,969,312 shares of the company’s stock, valued at approximately $17,789,693. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of Petvivo Holdings (NASDAQ:PETV) traded down 12.28% during mid-day trading on Friday, hitting $0.005. The stock had a trading volume of 1,272,328 shares. The stock’s 50-day moving average is $0. and its 200-day moving average is $0.. The company’s market cap is $18.9 million.
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