Elutia Insider Spends $74k on Shares, Boosts Holding by 16%

Elutia Inc.'s Independent Chairman & Lead Independent Director, Kevin Rakin, recently purchased $74k worth of stock at $1.06 per share, increasing their holding by 16%. This is the largest insider purchase in the last year and suggests confidence in the company's future. Elutia insiders have been buying shares, but not selling, with an average buy price of $0.75 in the last twelve months. Insider ownership of the company is 3.6%, worth $1.6m.