Lightwave Logic (NASDAQ:LWLG) Sees Unusually-High Trading Volume – Here’s What Happened

Lightwave Logic Inc. (NASDAQ:LWLG) shares saw unusually-high trading volume on Tuesday . Approximately 1,991,386 shares traded hands during trading, an increase of 7% from the previous session’s volume of 1,868,585 shares.The stock last traded at $5.3750 and had previously closed at $5.05.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Lightwave Logic in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Lightwave Logic Price Performance

The firm has a market cap of $749.06 million, a PE ratio of -31.11 and a beta of 3.02. The stock has a 50-day moving average price of $3.85 and a 200 day moving average price of $4.00.

Insider Transactions at Lightwave Logic

In related news, Director Laila Partridge sold 10,000 shares of the firm’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $3.72, for a total transaction of $37,200.00. Following the completion of the sale, the director directly owned 63,963 shares of the company’s stock, valued at approximately $237,942.36. This trade represents a 13.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Siraj Nour El-Ahmadi sold 25,591 shares of the firm’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $3.48, for a total value of $89,056.68. Following the sale, the director owned 123,944 shares of the company’s stock, valued at $431,325.12. This represents a 17.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 4.20% of the company’s stock.

Institutional Trading of Lightwave Logic

Institutional investors and hedge funds have recently bought and sold shares of the company. Y Intercept Hong Kong Ltd acquired a new stake in shares of Lightwave Logic during the 2nd quarter valued at approximately $340,000. Private Management Group Inc. bought a new position in Lightwave Logic in the second quarter worth about $138,000. Catalyst Funds Management Pty Ltd bought a new position in shares of Lightwave Logic during the second quarter valued at approximately $71,000. Hudson Bay Capital Management LP acquired a new stake in shares of Lightwave Logic during the 2nd quarter worth approximately $40,000. Finally, WINTON GROUP Ltd bought a new stake in shares of Lightwave Logic in the 2nd quarter worth approximately $39,000. Institutional investors and hedge funds own 27.04% of the company’s stock.

About Lightwave Logic

Lightwave Logic, Inc (NASDAQ: LWLG) is a U.S.-based photonics company focused on the development and commercialization of proprietary electro‐optic polymer materials and devices for high-speed optical communications. The company’s core technology platform centers on organic electro-optic polymers that offer low drive voltage, high modulation bandwidth and integration flexibility, enabling next-generation optical interconnects for data centers, telecommunications and emerging photonic computing architectures.

Lightwave Logic’s product pipeline includes modulators, waveguides and integrated photonic components designed to outperform traditional lithium-niobate and silicon-based solutions in terms of size, power consumption and ease of integration.