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Petvivo Holdings (NASDAQ:PETV) major shareholder John Lai purchased 4,000,000 shares of the company’s stock on the open market in a transaction dated Thursday, August 14th. The shares were purchased at an average price of $0.01 per share, for a total transaction of $40,000.00. Following the acquisition, the insider now directly owns 1,778,969,312 shares in the company, valued at approximately $17,789,693. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Petvivo Holdings (NASDAQ:PETV) remained flat at $0.0057 during trading on Friday. The stock had a trading volume of 1,438,828 shares. The stock has a 50-day moving average of $0. and a 200-day moving average of $0.. The company’s market cap is $21.5 million.

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