Cricut (NASDAQ:EWTX) shares traded down 5.5% on Tuesday . The stock traded as low as $27.03 and last traded at $27.03. 31 shares changed hands during trading, a decline of 100% from the average session volume of 312,874 shares. The stock had previously closed at $28.61.
In related news, major shareholder James E. Flynn acquired 625,000 shares of Cricut stock in a transaction dated Tuesday, March 30th. The stock was acquired at an average cost of $16.00 per share, with a total value of $10,000,000.00. Following the purchase, the insider now directly owns 4,962,207 shares in the company, valued at approximately $79,395,312. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jonathan D. Root bought 15,625 shares of Cricut stock in a transaction dated Tuesday, March 30th. The stock was acquired at an average price of $16.00 per share, with a total value of $250,000.00. Following the acquisition, the director now directly owns 15,625 shares of the company’s stock, valued at $250,000. The disclosure for this purchase can be found here.
About Cricut (NASDAQ:EWTX)
Edgewise Therapeutics, Inc, a biopharmaceutical company, develops small molecule therapies for musculoskeletal diseases. It offers a precision medicine muscle platform that generates programs to address various muscle disorders, such as Duchenne, Becker, and limb girdle muscular dystrophies. The company develops a pipeline of precision medicine product candidates that target key muscle proteins and modulators to address genetically defined muscle disorders.
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