Insider Buying: IMAC Holdings, Inc. (NASDAQ:BACK) Major Shareholder Acquires 164,872 Shares of Stock

IMAC Holdings, Inc. (NASDAQ:BACK) major shareholder Jorge Ruiz acquired 164,872 shares of the stock in a transaction dated Friday, March 22nd. The stock was bought at an average price of $3.58 per share, with a total value of $590,241.76. Following the purchase, the insider now directly owns 164,872 shares in the company, valued at $590,241.76. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

IMAC Trading Down 5.4 %

NASDAQ:BACK opened at $0.57 on Monday. The company has a fifty day moving average of $0.82 and a 200-day moving average of $1.09. IMAC Holdings, Inc. has a twelve month low of $0.47 and a twelve month high of $7.75.

IMAC (NASDAQ:BACK) last released 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.