Insider Buying: Skyline Medical CFO Purchases 5,000 Shares of Stock (SKLN)
Skyline Medical (NASDAQ:SKLN) CFO Robert L. Myers acquired 5,000 shares of the stock on the open market in a transaction that occurred on Friday, August 22nd. The shares were purchased at an average price of $0.15 per share, with a total value of $750.00. Following the completion of the purchase, the chief financial officer now directly owns 5,000 shares in the company, valued at approximately $750. The purchase was disclosed in a document filed with the SEC, which is available at this link.
Skyline Medical (NASDAQ:SKLN) traded down 10.10% during mid-day trading on Friday, hitting $0.1299. 40,115 shares of the company’s stock traded hands. Skyline Medical has a one year low of $0.106 and a one year high of $0.47. The stock’s 50-day moving average is $0.13 and its 200-day moving average is $0.17. The company’s market cap is $29.0 million.
Skyline Medical Inc, formerly BioDrain Medical, Inc, is an early stage medical device company. The Company owns patent rights to its products and will distribute its products to medical facilities where bodily and irrigation fluids produced during surgical procedures must be contained, measured, documented, and disposed.
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