IMAC Holdings, Inc. (NASDAQ:BACK) Major Shareholder Jorge Ruiz Purchases 164,872 Shares

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

IMAC Stock Down 4.2 %

NASDAQ BACK traded down $0.03 on Friday, hitting $0.58. 124,923 shares of the company’s stock were exchanged, compared to its average volume of 643,424. The stock has a 50-day moving average of $0.84 and a 200-day moving average of $1.10. IMAC Holdings, Inc. has a 52 week low of $0.47 and a 52 week high of $7.75.

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.