Insider Buying: IMAC Holdings, Inc. (NASDAQ:BACK) Major Shareholder Acquires $590,241.76 in Stock

IMAC Holdings, Inc. (NASDAQ:BACK) major shareholder Jorge Ruiz acquired 164,872 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was acquired at an average price of $3.58 per share, with a total value of $590,241.76. Following the acquisition, the insider now owns 164,872 shares in the company, valued at $590,241.76. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

IMAC Trading Down 5.4 %

Shares of NASDAQ BACK opened at $0.57 on Monday. The company has a 50 day simple moving average of $0.82 and a 200 day simple moving average of $1.09. IMAC Holdings, Inc. has a 1 year low of $0.47 and a 1 year high of $7.75.

IMAC (NASDAQ:BACK) last released its quarterly earnings results on Friday, January 17th. The company reported ($1.33) earnings per share (EPS) for the quarter.

About IMAC

IMAC Holdings, Inc owns and manages innovative medical advancements and care regeneration centers, and backspace clinics in the United States. The company's outpatient medical clinics provide regenerative, orthopedic, and minimally invasive procedures and therapies to patients with sports injuries, ligament and tendon damage, and other related soft tissue conditions, as well as back, knee, and joint pains.