William Harrington Buys 533,333 Shares of Mobia Medical (NASDAQ:MOBI) Stock

Mobia Medical, Inc. (NASDAQ:MOBI) Director William Harrington purchased 533,333 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was purchased at an average cost of $15.00 per share, for a total transaction of $7,999,995.00. Following the acquisition, the director owned 2,006,716 shares of the company’s stock, valued at approximately $30,100,740. This trade represents a 36.20% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Mobia Medical Stock Up 0.8%

Shares of NASDAQ MOBI opened at $12.10 on Wednesday. Mobia Medical, Inc. has a 12 month low of $10.19 and a 12 month high of $14.00. The stock has a market cap of $341.58 million, a PE ratio of 67.22 and a beta of 2.84.

Key Stories Impacting Mobia Medical

Here are the key news stories impacting Mobia Medical this week:

• Positive Sentiment: Major shareholder Osage University Gp Iii, LLC bought 533,333 shares at $15.00 each, a nearly $8.0 million investment that lifted its position by 36.2%. SEC filing
• Positive Sentiment: Director William T. Harrington also purchased 533,333 shares at $15.00, matching the large insider commitment and reinforcing the bullish signal. SEC filing
• Positive Sentiment: Other directors and insiders added to positions as well, including Cynthia L. Lucchese (125,000 shares), Casey M. Tansey (66,666 shares), Dana G. Jr. Mead (7,000 shares), and Chase Leavitt (3,000 shares), suggesting broad insider support. Article on CEO outlook
• Neutral Sentiment: The company’s CEO is highlighting a large potential market for stroke rehabilitation, which supports the long-term growth narrative but does not yet include new financial results or guidance. Article title