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

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

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