IMAC Holdings, Inc. (NASDAQ:BACK) Major Shareholder Jorge Ruiz Sells 5,000 Shares

IMAC Holdings, Inc. (NASDAQ:BACK) major shareholder Jorge Ruiz sold 5,000 shares of the firm’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $3.00, for a total transaction of $15,000.00. Following the completion of the sale, the insider now owns 141,229 shares in the company, valued at $423,687. The trade was a 3.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

IMAC Stock Performance

Shares of BACK opened at $0.44 on Wednesday. IMAC Holdings, Inc. has a twelve month low of $0.39 and a twelve month high of $7.75. The firm’s fifty day simple moving average is $0.78 and its 200-day simple moving average is $1.07.

IMAC (NASDAQ:BACK) last announced its quarterly earnings data on Friday, January 17th. The company reported ($1.33) earnings per share 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.