Insider Selling: NAMI (NASDAQ:NAMI) CFO Sells 58,000 Shares of Stock

NAMI Corp. (NASDAQ:NAMI) CFO Jun Jason Jiang sold 58,000 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $0.34, for a total transaction of $19,720.00. Following the transaction, the chief financial officer owned 2,865,034 shares of the company’s stock, valued at approximately $974,111.56. The trade was a 1.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Jun Jason Jiang also recently made the following trade(s):

• On Friday, June 5th, Jun Jason Jiang sold 932 shares of NAMI stock. The shares were sold at an average price of $0.27, for a total transaction of $251.64.
• On Thursday, June 4th, Jun Jason Jiang sold 10,000 shares of NAMI stock. The stock was sold at an average price of $0.27, for a total transaction of $2,700.00.
• On Wednesday, June 3rd, Jun Jason Jiang sold 41,364 shares of NAMI stock. The stock was sold at an average price of $0.29, for a total transaction of $11,995.56.
• On Tuesday, June 2nd, Jun Jason Jiang sold 500 shares of NAMI stock. The stock was sold at an average price of $0.28, for a total transaction of $140.00.
• On Monday, June 1st, Jun Jason Jiang sold 2,000 shares of NAMI stock. The shares were sold at an average price of $0.29, for a total transaction of $580.00.
• On Friday, May 29th, Jun Jason Jiang sold 2,000 shares of NAMI stock. The shares were sold at an average price of $0.30, for a total value of $600.00.
• On Thursday, May 28th, Jun Jason Jiang sold 8,500 shares of NAMI stock. The stock was sold at an average price of $0.30, for a total value of $2,550.00.
• On Wednesday, May 27th, Jun Jason Jiang sold 10,100 shares of NAMI stock. The stock was sold at an average price of $0.34, for a total value of $3,434.00.
• On Tuesday, May 26th, Jun Jason Jiang sold 27,000 shares of NAMI stock. The shares were sold at an average price of $0.33, for a total value of $8,910.00.
• On Thursday, May 21st, Jun Jason Jiang sold 7,000 shares of NAMI stock. The shares were sold at an average price of $0.35, for a total value of $2,450.00.

NAMI Stock Up 11.7%

Shares of NAMI stock opened at $0.28 on Wednesday. The business’s fifty day moving average price is $0.43 and its 200 day moving average price is $0.56. NAMI Corp. has a 1-year low of $0.22 and a 1-year high of $2.05.

Shares of NAMI are going to reverse split on Tuesday, June 23rd. The 1-625 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, June 22nd.

NAMI (NASDAQ:NAMI) last released its earnings results on Tuesday, April 28th. The company reported ($0.06) EPS for the quarter. The business had revenue of $14.97 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of NAMI from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

About NAMI

Jinxin Technology Holding Co engages in the provision of digital content services. The company was founded in August 2015 and is headquartered in Shanghai, China.