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

IMAC Holdings, Inc. (NASDAQ:BACK) major shareholder Jorge Ruiz purchased 164,872 shares of IMAC stock in a transaction that occurred on Friday, March 22nd. The stock was bought at an average cost of $3.58 per share, for a total transaction of $590,241.76. Following the purchase, the insider now directly owns 164,872 shares in the company, valued at $590,241.76. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

IMAC Stock Down 5.4 %

BACK stock opened at $0.57 on Friday. The firm’s 50-day moving average is $0.82 and its 200 day moving average is $1.09. IMAC Holdings, Inc. has a 12 month low of $0.47 and a 12 month high of $7.75.

IMAC (NASDAQ:BACK) last posted its earnings results on Friday, January 17th. The company reported ($1.33) 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.