Insider Buying: CorMedix CEO Purchases 3,140 Shares of Stock (CRMD)
CorMedix (NASDAQ:CRMD) CEO Randy Milby acquired 3,140 shares of CorMedix stock in a transaction that occurred on Friday, August 15th. The stock was purchased at an average price of $1.99 per share, with a total value of $6,248.60. Following the completion of the acquisition, the chief executive officer now directly owns 12,122 shares in the company, valued at approximately $24,123. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of CorMedix (NASDAQ:CRMD) remained flat at $1.99 during during mid-day trading trading on Monday. The stock had a trading volume of 104,755 shares. CorMedix has a 52 week low of $0.66 and a 52 week high of $3.20. The stock has a 50-day moving average of $1.89 and a 200-day moving average of $1.98. The company’s market cap is $43.8 million.
A number of research firms have recently commented on CRMD. Analysts at Zacks downgraded shares of CorMedix to a “neutral” rating in a research note on Monday, July 28th. They now have a $2.20 price target on the stock. Analysts at Roth Capital initiated coverage on shares of CorMedix in a research note on Thursday, July 24th. They set a “buy” rating and a $3.00 price target on the stock.
CorMedix Inc (NASDAQ:CRMD) is a biopharmaceutical company that focuses on in-licensing, developing and commercializing therapeutic products for the treatment of cardiac and renal dysfunction, also know as Cardiorenal disease.
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