Apnimed (NASDAQ:APMD) Major Shareholder Morningside Venture Investment Purchases 312,500 Shares of Stock

Key Points

  • Morningside Venture Investment purchased 312,500 Apnimed shares at $16.00 each, for a total investment of $5 million.
  • Following the transaction, the major shareholder owned 7,152,713 shares valued at approximately $114.4 million, increasing its stake by 4.57%. The purchase was disclosed in an SEC filing.
  • Apnimed shares opened at $26.51, compared with a 52-week range of $16.12 to $29.15.

Apnimed, Inc. (NASDAQ:APMD - Get Free Report) major shareholder Morningside Venture Investment bought 312,500 shares of the firm's stock in a transaction dated Monday, August 3rd. The stock was acquired at an average cost of $16.00 per share, with a total value of $5,000,000.00. Following the transaction, the insider owned 7,152,713 shares of the company's stock, valued at $114,443,408. This trade represents a 4.57% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.

Apnimed Stock Performance

NASDAQ:APMD opened at $26.51 on Thursday. Apnimed, Inc. has a 1-year low of $16.12 and a 1-year high of $29.15.

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