Insider Buying: City Therapeutics (NASDAQ:CTY) Director Buys $3,060,000.00 in Stock

City Therapeutics, Inc. (NASDAQ:CTY – Get Free Report) Director Robert Nelsen acquired 170,000 shares of City Therapeutics stock in a transaction that occurred on Monday, October 19th. The stock was bought at an average cost of $18.00 per share, with a total value of $3,060,000.00. Following the acquisition, the director directly owned 13,692,507 shares of the company’s stock, valued at approximately $246,465,126. This trade represents a 1.26% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

City Therapeutics Stock Performance

Shares of CTY stock opened at $20.43 on Thursday. City Therapeutics, Inc. has a 1 year low of $19.97 and a 1 year high of $23.88.

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