Insider Buying: MediciNova Director Purchases 15,000 Shares of Stock (MNOV)
MediciNova (NASDAQ:MNOV) Director Yutaka Kobayashi bought 15,000 shares of MediciNova stock in a transaction dated Wednesday, September 3rd. The stock was purchased at an average price of $2.66 per share, with a total value of $39,900.00. Following the purchase, the director now directly owns 15,000 shares in the company, valued at approximately $39,900. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of MediciNova (NASDAQ:MNOV) traded down 7.00% on Thursday, hitting $2.325. The stock had a trading volume of 65,125 shares. MediciNova has a 52-week low of $1.66 and a 52-week high of $5.25. The stock has a 50-day moving average of $2.0 and a 200-day moving average of $2.03. The company’s market cap is $56.1 million.
MediciNova, Inc is a Japan-based bio-pharmaceutical company. The Company is engaged in the acquisition and development of low molecular pharmaceutical products for diseases for which no effective treatments are available mainly in the United States market.
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