The Insider Buying: Soligenix Inc. (SNGX) CEO Buys $49,940.64 in Stock

The Insider Buying: Soligenix Inc. (SNGX) CEO Buys $49,940.64 in Stock

Soligenix Inc. (OTCBB:SNGX) CEO Christopher J. Schaber bought 15,804 shares of the firm’s stock in a transaction on Friday, December 16th. The shares were purchased at an average cost of $3.16 per share, with a total value of $49,940.64. Following the completion of the transaction, the chief executive officer now owns 25,095 shares in the company, valued at $79,300.20. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Soligenix Inc. (OTCBB:SNGX) opened at 3.47 on Friday. The stock’s market capitalization is $13.07 million. The company’s 50-day moving average price is $3.54 and its 200 day moving average price is $5.81. Soligenix Inc. has a 52 week low of $2.05 and a 52 week high of $13.00.

SNGX has been the subject of several recent research reports. Maxim Group boosted their price target on Soligenix from $3.00 to $4.00 and gave the stock a “buy” rating in a research report on Monday. Aegis initiated coverage on Soligenix in a research report on Wednesday, September 7th. They issued a “buy” rating and a $6.00 price target for the company.

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