Insider Buying: Ronald L. Chez Acquires 18,000 Shares of Merriman Holdings Stock (MERR)
Merriman Holdings (NASDAQ:MERR) Director Ronald L. Chez bought 18,000 shares of the stock on the open market in a transaction that occurred on Friday, August 22nd. The stock was purchased at an average cost of $3.79 per share, with a total value of $68,220.00. Following the purchase, the director now directly owns 2,742,451 shares of the company’s stock, valued at approximately $10,393,889. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Merriman Holdings (NASDAQ:MERR) remained flat at $3.90 during during mid-day trading trading on Wednesday. The stock had a trading volume of 774 shares. Merriman Holdings has a 52 week low of $1.50 and a 52 week high of $5.40. The stock has a 50-day moving average of $3.64 and a 200-day moving average of $3.64. The company’s market cap is $17.5 million.
Merriman Holdings, Inc is a financial services holding company. The Company primarily provides investment banking, sales and trading execution services, and capital markets advisory services through its primary operating subsidiary, Merriman Capital, Inc (NASDAQ:MERR).
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