Cardica Inc (CRDC) Files Form 4 Insider Buying : Thomas J. Palermo Buys 6,300 Shares

Cardica Inc (CRDC): Thomas J. Palermo , COO of Cardica Inc purchased 6,300 shares on May 13, 2016. The Insider buying transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were purchased at $2.63 per share for a total value of $16,524.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 24, 2016, Julian Nikolchev (CEO) purchased 3,842 shares at $2.60 per share price.On Feb 24, 2016, Michael A. Bates (director) purchased 33,600 shares at $2.75 per share price.Also, On Feb 12, 2016, Robert Y Iv Newell (CFO) purchased 40,000 shares at $0.26 per share price.On Feb 10, 2016, Gregory P. Watson (V.P., Operations) purchased 75,000 shares at $0.25 per share price.

Shares of Cardica (CRDC) ended Monday, May 16, 2016 session in red amid volatile trading. The shares closed down -0.03 points or -1.14% at $2.61 with 28,269 shares getting traded. Post opening the session at $2.61, the shares hit an intraday low of $2.514 and an intraday high of $2.66 and the price vacillated in this range throughout the day. The company has a market cap of $23 M and the number of outstanding shares has been calculated to be 89,34,452 shares. The 52-week high of Cardica is $5.199 and the 52-week low is $1.086.

Cardica Money Flow Index Chart

Cardica Inc. is focused on the commercialization and development of microcutter product line intended for use by surgeons. The Company is engaged in commercializing and developing MicroCutter XCHANGE 30 based on its staple-on-a-strip technology for use by thoracic pediatric bariatric colorectal and general surgeons. Its MicroCutter XCHANGE 30 is a cartridge based microcutter device with around five millimeter shaft diameter and around 30 millimeter staple line cleared for use in the United States for specific indications for use and in the European Union for a range of indications for use. Its planned products include MicroCutter XCHANGE 45 MicroCutter XCHANGE 60 and MicroCutter FLEXCHANGE 30. The MicroCutter FLEXCHANGE name refers to the planned cartridge-based microcutter product with a flexible shaft that also includes its staple-on-a-strip technology. It markets three products to perform anastomoses the C-Port xA system the C-Port Flex A system and the PAS-Port system.

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