CorMedix Inc. (NYSEAMERICAN:CRMD) CEO Khoso Baluch purchased 104,166 shares of the firm’s stock in a transaction on Tuesday, December 12th. The stock was acquired at an average cost of $0.48 per share, for a total transaction of $49,999.68. Following the completion of the purchase, the chief executive officer now owns 225,373 shares in the company, valued at approximately $108,179.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
CorMedix Inc. (CRMD) traded down $0.01 during midday trading on Thursday, hitting $0.56. The stock had a trading volume of 727,869 shares, compared to its average volume of 678,652. CorMedix Inc. has a fifty-two week low of $0.32 and a fifty-two week high of $2.48.
CRMD has been the topic of a number of research analyst reports. Zacks Investment Research raised CorMedix from a “hold” rating to a “buy” rating and set a $0.50 price target on the stock in a research note on Friday, September 8th. HC Wainwright set a $4.00 price target on CorMedix and gave the stock a “buy” rating in a research note on Monday, October 16th.
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CorMedix Inc is a commercial pharmaceutical and medical device company. The Company in-licenses, develops and commercializes prophylactic and therapeutic products for the prevention and treatment of infectious and inflammatory diseases. The Company has in-licensed the rights to develop and commercialize its product candidate, CRMD003 (Neutrolin), which addresses market opportunities in the instances in which a central venous catheter is used, such as hemodialysis, intensive care units, oncology, and patients receiving total parenteral nutrition, intravenous (IV) hydration, and/or IV medications.
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