Apnimed, Inc. (NASDAQ:APMD – Get Free Report) major shareholder Morningside Venture Investment purchased 312,500 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was bought at an average price of $16.00 per share, with a total value of $5,000,000.00. Following the acquisition, the insider owned 7,152,713 shares in the company, valued at $114,443,408. This trade represents a 4.57% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Apnimed Trading Up 3.1%
Shares of APMD traded up $0.80 during mid-day trading on Wednesday, reaching $26.51. 486,065 shares of the stock traded hands, compared to its average volume of 495,021. Apnimed, Inc. has a 12-month low of $16.12 and a 12-month high of $29.15.
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