Lightwave Logic (NASDAQ:LWLG) Director Ronald Bucchi Sells 10,000 Shares

Lightwave Logic Inc. (NASDAQ:LWLG) Director Ronald Bucchi sold 10,000 shares of the company’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $3.97, for a total value of $39,700.00. Following the completion of the transaction, the director owned 185,583 shares of the company’s stock, valued at $736,764.51. This trade represents a 5.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Lightwave Logic Price Performance

Shares of NASDAQ:LWLG opened at $4.33 on Friday. The company has a market capitalization of $560.48 million, a PE ratio of -24.05 and a beta of 2.53. The business has a fifty day moving average price of $2.97 and a two-hundred day moving average price of $1.79. Lightwave Logic Inc. has a 1 year low of $0.79 and a 1 year high of $4.80.

Lightwave Logic (NASDAQ:LWLG) last announced its quarterly earnings data on Thursday, August 14th. The company reported ($0.05) earnings per share (EPS) for the quarter. The business had revenue of $0.03 million during the quarter. Lightwave Logic had a negative net margin of 22,321.05% and a negative return on equity of 66.64%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Lightwave Logic from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Nuveen LLC bought a new position in shares of Lightwave Logic during the 1st quarter worth $315,000. PTM Wealth Management LLC bought a new position in shares of Lightwave Logic during the 2nd quarter worth $134,000. Ameriprise Financial Inc. bought a new position in shares of Lightwave Logic during the 4th quarter worth $35,000. Bank of America Corp DE grew its stake in shares of Lightwave Logic by 21.0% during the 4th quarter. Bank of America Corp DE now owns 160,788 shares of the company’s stock worth $338,000 after acquiring an additional 27,900 shares during the period. Finally, Squarepoint Ops LLC bought a new position in shares of Lightwave Logic during the 4th quarter worth $49,000. Institutional investors own 27.04% of the company’s stock.

About Lightwave Logic

Lightwave Logic, Inc focuses on the development of photonic devices and electro-optical polymer materials systems for fiber-optic data communications, telecommunications, and optical computing markets in the United States. The company is involved in the designing and synthesizing of organic chromophores for use in its electro-optic polymer systems and photonic device designs.