Charles & Colvard Ltd (CTHR) Files Form 4 Insider Buying : Ollin B Sykes Buys 30,000 Shares

Charles & Colvard Ltd (CTHR): Ollin B Sykes , director of Charles & Colvard Ltd purchased 30,000 shares on May 20, 2016. The Insider buying transaction was reported by the company on May 20, 2016 to the Securities and Exchange Commission. The shares were purchased at $1.05 per share for a total value of $31,880.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 5, 2016, Neal I Goldman (director) purchased 25,000 shares at $1.20 per share price.On Mar 22, 2016, Ollin B Sykes (director) purchased 8,299 shares at $1.29 per share price.Also, On Mar 14, 2016, Suzanne Miglucci (CEO) purchased 45,000 shares at $1.20 per share price.

Shares of Charles & Colvard Ltd. (CTHR) ended Thursday, May 19, 2016 session in red amid volatile trading. The shares closed down -0.04 points or -3.64% at $1.06 with 2,065 shares getting traded. Post opening the session at $1.08, the shares hit an intraday low of $1.06 and an intraday high of $1.09 and the price vacillated in this range throughout the day. The company has a market cap of $22,795 M and the number of outstanding shares has been calculated to be 21,50,50,00,000 shares. The 52-week high of Charles & Colvard Ltd. is $1.72 and the 52-week low is $0.75.

Charles & Colvard Ltd. Money Flow Index Chart

Charles & Colvard Ltd. manufactures markets and distributes Charles & Colvard Created Moissanite jewels (moissanite) finished jewelry featuring moissanite and fashion finished jewelry. The Company manages its business primarily by its three distribution channels that it uses to sell its product lines loose jewels and finished jewelry. Its three operating segments are Wholesale and Charles & Colvard Direct. It sells its loose moissanite jewels at wholesale to distributors and manufacturers around the world which mount them into jewelry to be sold at retail outlets and via the Internet. Its basic designs include stud earnings solitaire and three-stone rings pendants and bracelets. It also sells fashion-oriented designer moissanite jewelry that it offers as an expansion to the basic line of jewelry. Its brands include Lulu Avenue Classic Moissanite and Forever Brilliant among others.

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