Insider Buying: Kenneth Michael Reali Buys 10,000 Shares of Baxano Surgical Stock (BAXS)
Baxano Surgical (NASDAQ:BAXS) CEO Kenneth Michael Reali purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The shares were purchased at an average cost of $0.38 per share, with a total value of $3,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 141,128 shares of the company’s stock, valued at approximately $53,629. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Baxano Surgical (NASDAQ:BAXS) opened at 0.362 on Thursday. Baxano Surgical has a 52 week low of $0.36 and a 52 week high of $1.99. The stock has a 50-day moving average of $0.49 and a 200-day moving average of $0.85. The company’s market cap is $17.6 million.
Baxano Surgical (NASDAQ:BAXS) last posted its quarterly earnings results on Tuesday, August 5th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by $0.04. Analysts expect that Baxano Surgical will post $-0.58 EPS for the current fiscal year.
Baxano Surgical Inc, formerly TranS1 Inc, is a medical device company focused on designing, developing and marketing products that implement its approach to treat degenerative conditions of the spine affecting the lower lumbar region.
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