CombiMatrix Insider Buys $15,300 in Stock (CBMX)
CombiMatrix (NASDAQ:CBMX) Insider Robert Weslie Tyson bought 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The shares were purchased at an average price of $2.04 per share, for a total transaction of $15,300.00. Following the completion of the transaction, the insider now directly owns 7,500 shares of the company’s stock, valued at approximately $15,300. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
CombiMatrix (NASDAQ:CBMX) traded down 5.08% during mid-day trading on Friday, hitting $1.87. 510,792 shares of the company’s stock traded hands. CombiMatrix has a 1-year low of $1.91 and a 1-year high of $4.44. The stock has a 50-day moving average of $2.1 and a 200-day moving average of $2.49. The company’s market cap is $20.7 million.
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.
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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