Insider Buying: Scribe Therapeutics (NASDAQ:SCTX) Director Acquires 1,000,000 Shares

Scribe Therapeutics Inc. (NASDAQ:SCTXGet Free Report) Director Carl Gordon bought 1,000,000 shares of the stock in a transaction dated Monday, July 27th. The stock was bought at an average price of $15.00 per share, for a total transaction of $15,000,000.00. Following the purchase, the director directly owned 1,348,825 shares of the company’s stock, valued at approximately $20,232,375. The trade was a 286.68% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Scribe Therapeutics Stock Up 1.7%

Scribe Therapeutics stock traded up $0.30 during midday trading on Wednesday, hitting $18.36. 325,049 shares of the company were exchanged, compared to its average volume of 390,915. Scribe Therapeutics Inc. has a fifty-two week low of $17.31 and a fifty-two week high of $25.49.

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