Navidea Biopharmaceuticals Inc (NYSEAMERICAN:NAVB)’s share price dropped 31.3% on Friday . The stock traded as low as $0.68 and last traded at $0.68. Approximately 3,318,500 shares changed hands during mid-day trading, an increase of 4,192% from the average daily volume of 77,313 shares. The stock had previously closed at $0.99.

Navidea Biopharmaceuticals (NYSEAMERICAN:NAVB) last announced its quarterly earnings results on Wednesday, May 8th. The biopharmaceutical company reported ($0.24) earnings per share for the quarter. The company had revenue of $0.14 million during the quarter.

In other Navidea Biopharmaceuticals news, major shareholder John K. Jr. Scott purchased 357,143 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was purchased at an average price of $0.14 per share, for a total transaction of $50,000.02. Following the purchase, the insider now directly owns 22,261,565 shares in the company, valued at $3,116,619.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders purchased 368,443 shares of company stock valued at $68,490.

A hedge fund recently raised its stake in Navidea Biopharmaceuticals stock. Virtu Financial LLC boosted its position in shares of Navidea Biopharmaceuticals Inc (NYSEAMERICAN:NAVB) by 94.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 186,972 shares of the biopharmaceutical company’s stock after buying an additional 90,647 shares during the period. Virtu Financial LLC owned 0.09% of Navidea Biopharmaceuticals worth $26,000 at the end of the most recent quarter.

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About Navidea Biopharmaceuticals (NYSEAMERICAN:NAVB)

Navidea Biopharmaceuticals, Inc, a biopharmaceutical company, focuses on the development and commercialization of precision immunodiagnostic agents and immunotherapeutics. The company operates in two segments, Diagnostic Substances and Therapeutic Development Programs. The company develops Manocept platform to target the CD206 mannose receptor expressed on activated macrophages; and NAV4694, a fluorine-18 labeled positron emission tomography imaging agent for use as an aid in the imaging and evaluation of patients with signs or symptoms of Alzheimers disease and mild cognitive impairment.

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