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

Shares of Spine Pain Management (NASDAQ:SPIN) opened at 0.6699 on Monday. Spine Pain Management has a 52 week low of $0.16 and a 52 week high of $0.70. The stock’s 50-day moving average is $0.33 and its 200-day moving average is $0.34. The company’s market cap is $12.5 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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