Insider Buying: Richard A. Kaplan Purchases 15,000 Shares of Torvec Stock (TOVC)
Torvec (NASDAQ:TOVC) CEO Richard A. Kaplan bought 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The stock was purchased at an average price of $0.33 per share, with a total value of $4,950.00. Following the completion of the acquisition, the chief executive officer now directly owns 25,000 shares of the company’s stock, valued at approximately $8,250. The purchase was disclosed in a filing with the SEC, which is available at this link.
Torvec (NASDAQ:TOVC) traded up 6.25% on Thursday, hitting $0.34. 28,500 shares of the company’s stock traded hands. Torvec has a one year low of $0.20 and a one year high of $0.50. The stock has a 50-day moving average of $0.27 and a 200-day moving average of $0.33. The company’s market cap is $15.5 million.
Torvec, Inc, is a development-stage company. The Company designs, develops, builds and commercializes its automotive technology portfolio.
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