Shares of One Horizon Group Inc (NASDAQ:OHGI) gapped down prior to trading on Monday . The stock had previously closed at $3.56, but opened at $3.08. One Horizon Group shares last traded at $1.87, with a volume of 3444200 shares traded.

In other One Horizon Group news, major shareholder Zhanming Wu bought 2,000,000 shares of the business’s stock in a transaction on Tuesday, October 24th. The shares were acquired at an average cost of $0.13 per share, for a total transaction of $260,000.00. Following the purchase, the insider now owns 2,000,000 shares in the company, valued at approximately $260,000. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 18.95% of the company’s stock.

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One Horizon Group Company Profile

One Horizon Group, Inc is engaged in the development and licensing of software for mobile voice over Internet protocol (VoIP). The Company’s operations include the licensing of software to telecommunications operators and the development of software application platforms that optimize mobile voice, instant messaging and advertising communications over the Internet.

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