Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH – Get Free Report) CEO Arik Kaufman acquired 36,826 shares of the stock in a transaction dated Thursday, October 29th. The shares were bought at an average cost of $0.38 per share, for a total transaction of $13,993.88. Following the completion of the transaction, the chief executive officer owned 52,623 shares in the company, valued at approximately $19,996.74. This represents a 233.12% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.
Arik Kaufman also recently made the following trade(s):
- On Friday, October 30th, Arik Kaufman bought 60,000 shares of Steakholder Foods stock. The stock was bought at an average price of $0.40 per share, with a total value of $24,000.00.
Steakholder Foods Price Performance
Shares of Steakholder Foods stock opened at $0.41 on Monday. The firm has a fifty day moving average price of $1.55 and a 200 day moving average price of $3.47. Steakholder Foods Ltd. Sponsored ADR has a 1 year low of $0.30 and a 1 year high of $12.27.
Steakholder Foods’s stock is set to reverse split on Monday, November 9th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, November 8th.
Steakholder Foods (NASDAQ:STKH – Get Free Report) last issued its quarterly earnings results on Tuesday, August 25th. The company reported ($1.00) EPS for the quarter.
Wall Street Analyst Weigh In
STKH has been the subject of several research reports. Wall Street Zen raised Steakholder Foods to a “sell” rating in a research note on Saturday, October 3rd. Weiss Ratings downgraded Steakholder Foods from a “sell (e+)” rating to a “sell (e)” rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has a consensus rating of “Sell”.
Read Our Latest Analysis on STKH
About Steakholder Foods
Steakholder Foods Ltd. is an Israel-based food-technology company developing technologies for the cultivated meat and seafood industry. The company focuses on producing structured, cell-based foods by combining cell cultivation, bio-ink formulation and three-dimensional bioprinting.
Its technology is designed to replicate the texture and appearance of conventional meat and seafood, with research and development efforts spanning cultivated beef, chicken, pork and fish products. Steakholder Foods also develops specialized 3D printers and related production systems intended to deposit different cell-based and plant-based ingredients in precise structures.
The company was formerly known as MeaTech 3D Ltd.
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