Insider Buying: Torvec CEO Acquires 15,000 Shares of Stock (TOVC)
Torvec (NASDAQ:TOVC) CEO Richard A. Kaplan acquired 15,000 shares of Torvec stock on the open market in a transaction dated Wednesday, August 27th. The shares were purchased at an average price of $0.33 per share, with a total value of $4,950.00. Following the purchase, the chief executive officer now directly owns 25,000 shares of the company’s stock, valued at approximately $8,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Torvec (NASDAQ:TOVC) traded up 6.25% during mid-day trading on Thursday, hitting $0.34. The stock had a trading volume of 28,500 shares. Torvec has a 52 week low of $0.20 and a 52 week 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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