IMAC Holdings, Inc. (NASDAQ:BACK) Major Shareholder Jorge Ruiz Sells 5,000 Shares

IMAC Holdings, Inc. (NASDAQ:BACK) major shareholder Jorge Ruiz sold 5,000 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $3.00, for a total transaction of $15,000.00. Following the transaction, the insider now directly owns 141,229 shares in the company, valued at $423,687. The trade was a 3.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

IMAC Price Performance

Shares of IMAC stock opened at $0.44 on Wednesday. IMAC Holdings, Inc. has a 1 year low of $0.39 and a 1 year high of $7.75. The company’s fifty day moving average is $0.78 and its two-hundred day moving average is $1.07.

IMAC (NASDAQ:BACK) last issued its quarterly earnings data on Friday, January 17th. The company reported ($1.33) earnings per share (EPS) for the quarter.

IMAC Company Profile

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.