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Spine Pain Management (NASDAQ:SPIN) CEO William Donovan acquired 10,000 shares of the stock on the open market in a transaction that occurred on Tuesday, August 26th. The stock was purchased at an average cost of $0.50 per share, for a total transaction of $5,000.00. Following the completion of the purchase, the chief executive officer now directly owns 3,249,941 shares of the company’s stock, valued at approximately $1,624,971. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Spine Pain Management (NASDAQ:SPIN) remained flat at $0.65 during during mid-day trading trading on Friday. The stock had a trading volume of 9,375 shares. Spine Pain Management has a one year low of $0.16 and a one year high of $0.70. The stock has a 50-day moving average of $0.33 and a 200-day moving average of $0.34. The company’s market cap is $12.2 million.

Spine Pain Management, Inc is a medical marketing, management, billing and collection company. The Company provides turnkey solutions to spine surgeons, orthopedic surgeons and other healthcares providers for necessary and appropriate treatment of musculo-skeletal spine injuries resulting from automobile and work-related accidents.

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