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

IMAC Holdings, Inc. (NASDAQ:BACK) major shareholder Jorge Ruiz acquired 164,872 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were purchased at an average cost of $3.58 per share, for a total transaction of $590,241.76. Following the acquisition, the insider now 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 legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

IMAC Stock Down 4.2 %

NASDAQ BACK traded down $0.03 during trading hours on Friday, reaching $0.58. The company’s stock had a trading volume of 124,923 shares, compared to its average volume of 643,424. IMAC Holdings, Inc. has a 52 week low of $0.47 and a 52 week high of $7.75. The firm has a fifty day simple moving average of $0.84 and a 200-day simple moving average of $1.10.

IMAC (NASDAQ:BACK) last announced its earnings results on Friday, January 17th. The company reported ($1.33) EPS 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.