Insider Buying: ARC Group Inc (ARCK) Insider Purchases 235,295 Shares of Stock

ARC Group Inc (NASDAQ:ARCK) insider Seenu G. Kasturi purchased 235,295 shares of the business’s stock in a transaction on Friday, July 21st. The shares were acquired at an average price of $117,500.00 per share, with a total value of $27,647,162,500.00. Following the completion of the transaction, the insider now owns 680,152 shares of the company’s stock, valued at $79,917,860,000. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of ARC Group Inc (NASDAQ ARCK) opened at 0.85 on Tuesday. ARC Group Inc has a 52-week low of $0.45 and a 52-week high of $2.29. The firm’s 50-day moving average is $0.81 and its 200 day moving average is $1.17. The stock’s market capitalization is $5.85 million.

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ARC Group Company Profile

ARC Group, Inc is an operator and franchisor of the Dick’s Wings brand of restaurants. The Company’s Dick’s Wings concept includes traditional Dick’s Wings & Grill restaurants, which are full service restaurants, and non-traditional units. It has approximately 20 franchised restaurants and over two concession stands located in the States of Florida and Georgia.