Lightwave Logic Sees Unusually High Options Volume (OTCMKTS:LWLG)

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Lightwave Logic, Inc. (OTCMKTS:LWLG) was the recipient of some unusual options trading on Wednesday. Stock traders purchased 3,210 call options on the company. This represents an increase of approximately 162% compared to the average volume of 1,225 call options.

Lightwave Logic stock opened at $18.60 on Thursday. The stock’s 50 day moving average is $11.87 and its 200 day moving average is $9.55. The firm has a market cap of $2.01 billion, a P/E ratio of -186.00 and a beta of 1.36. Lightwave Logic has a one year low of $0.83 and a one year high of $18.82.

In other Lightwave Logic news, Director Thomas Edward Zelibor sold 124,152 shares of Lightwave Logic stock in a transaction dated Friday, November 19th. The stock was sold at an average price of $14.58, for a total value of $1,810,136.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 6.70% of the company’s stock.

Several institutional investors have recently bought and sold shares of the stock. UMB Bank N A MO acquired a new position in Lightwave Logic in the third quarter valued at approximately $2,327,000. First Foundation Advisors acquired a new position in Lightwave Logic in the third quarter valued at approximately $1,887,000. LPL Financial LLC acquired a new position in Lightwave Logic in the third quarter valued at approximately $1,045,000. B. Riley Wealth Management Inc. acquired a new position in Lightwave Logic in the third quarter valued at approximately $1,041,000. Finally, Morgan Stanley acquired a new position in Lightwave Logic in the third quarter valued at approximately $428,000. 0.44% of the stock is currently owned by institutional investors.

Lightwave Logic Company Profile

Lightwave Logic, Inc is a development stage company, engages in the commercialization of electro-optic photonic devices. The firm offers P2ICTM technology platform, which uses in-house proprietary organic polymers. Its products include electro-optical modulation devices and proprietary polymer photonic integrated circuits.

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