Medovex Corp. (MDVX) Sees Strong Trading Volume After Insider Buying Activity
Shares of Medovex Corp. (NASDAQ:MDVX) saw an uptick in trading volume on Wednesday following insider buying activity. 777,806 shares were traded during mid-day trading, an increase of 526% from the previous session’s volume of 124,319 shares.The stock last traded at $0.95 and had previously closed at $0.90.
Specifically, Director Steve Gorlin acquired 200,000 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was purchased at an average price of $0.90 per share, for a total transaction of $180,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders acquired 295,989 shares of company stock valued at $268,750. Corporate insiders own 25.10% of the company’s stock.
The firm’s market capitalization is $18.03 million. The stock’s 50-day moving average is $0.91 and its 200 day moving average is $1.14.
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Medovex Corp. Company Profile
MedoveX Corporation, through its subsidiaries, focuses on developing medical devices primarily in the United States and Europe. It offers DenerveX device, a disposable single-use kit for the treatment of various medical applications, including pain relief. The company serves healthcare providers, physicians, and third-party payors.
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