Sep 10, 2014

Tweet Kips Bay Medical (NASDAQ:KIPS) major shareholder Kips Bay Investments, Llc bought 50,001 shares of the company’s stock on the open market in a transaction that occurred on Thursday, September 4th. The stock was purchased at an average price of $0.36 per share, for a total transaction of $18,000.36. Following the transaction, the insider now directly owns 6,789,056 shares of the company’s stock, valued at approximately $2,444,060. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link . Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC. Shares of Kips Bay Medical ( NASDAQ:KIPS ) opened at 0.352 on Wednesday. Kips Bay Medical has a 1-year low of $0.35 and a 1-year high of $0.99. The stock’s 50-day moving average is $0.41 and its 200-day moving average is $0.53. The company’s market cap is $11.6 million. Kips Bay Medical (NASDAQ:KIPS) last posted its quarterly earnings results on Tuesday, August 12th. The company reported ($0.04) earnings per share (EPS) for the quarter. Kips Bay Medical, Inc is a medical device company focused on developing, manufacturing and commercializing its external saphenous vein support technology ( NASDAQ:KIPS ) for use in coronary artery bypass grafting (CABG) surgery. Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now . Advertisement