Insider Selling: IRIDEX Director Unloads 14,400 Shares of Stock (IRIX)
IRIDEX (NASDAQ:IRIX) Director James B. Hawkins sold 14,400 shares of the company’s stock on the open market in a transaction dated Friday, August 15th. The stock was sold at an average price of $8.10, for a total value of $116,640.00. Following the transaction, the director now directly owns 31,294 shares in the company, valued at approximately $253,481. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
IRIDEX (NASDAQ:IRIX) traded up 0.13% on Friday, hitting $7.89. The stock had a trading volume of 9,148 shares. IRIDEX has a one year low of $5.72 and a one year high of $11.00. The stock’s 50-day moving average is $7.93 and its 200-day moving average is $8.48. The company has a market cap of $77.9 million and a price-to-earnings ratio of 48.94.
IRIDEX Corporation is a worldwide provider of therapeutic based laser systems, delivery devices and consumable instrumentation used to treat eye diseases in ophthalmology.
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