CombiMatrix CFO Buys $2,040 in Stock (CBMX)
CombiMatrix (NASDAQ:CBMX) CFO Scott R. Burell acquired 1,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 27th. The shares were purchased at an average price of $2.04 per share, with a total value of $2,040.00. Following the completion of the purchase, the chief financial officer now directly owns 1,912 shares in the company, valued at approximately $3,900. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.
Separately, analysts at Zacks reiterated an “outperform” rating on shares of CombiMatrix in a research note on Friday, August 8th. They now have a $3.50 price target on the stock.
Shares of CombiMatrix (NASDAQ:CBMX) traded down 3.55% during mid-day trading on Friday, hitting $1.90. 501,932 shares of the company’s stock traded hands. CombiMatrix has a 52 week low of $1.91 and a 52 week high of $4.44. The stock’s 50-day moving average is $2.1 and its 200-day moving average is $2.49. The company’s market cap is $21.0 million.
CombiMatrix Corporation is a molecular diagnostics company. The Company operates in the field of genetic analysis and molecular diagnostics through its wholly owned subsidiary, CombiMatrix Molecular Diagnostics, Inc located in Irvine, California.
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