Today, Frank J. Mccaney Buys 20,000 Shares of Mela Sciences Inc. (SSKN) Stock

Today, Frank J. Mccaney Buys 20,000 Shares of Mela Sciences Inc. (SSKN) Stock

Mela Sciences Inc. (NASDAQ:SSKN) CEO Frank J. Mccaney acquired 20,000 shares of the stock in a transaction on Monday, November 28th. The stock was bought at an average price of $0.51 per share, for a total transaction of $10,200.00. Following the transaction, the chief executive officer now owns 8,865 shares in the company, valued at approximately $4,521.15. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

Mela Sciences Inc. (NASDAQ:SSKN) traded up 3.38% during midday trading on Monday, reaching $0.52. The company’s stock had a trading volume of 208,901 shares. The stock’s market cap is $5.55 million. Mela Sciences Inc. has a 12-month low of $0.46 and a 12-month high of $1.53. The stock’s 50 day moving average is $0.50 and its 200 day moving average is $0.62.

A hedge fund recently raised its stake in Mela Sciences stock. Sabby Management LLC raised its stake in Mela Sciences Inc. (NASDAQ:SSKN) by 78.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,020,524 shares of the medical device company’s stock after buying an additional 447,447 shares during the period. Sabby Management LLC owned 9.64% of Mela Sciences worth $623,000 as of its most recent filing with the SEC. Institutional investors own 24.49% of the company’s stock.

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