Biolase, Inc. (BIOL) Major Shareholder Larry N. Feinberg Acquires 12,545,615 Shares

Biolase, Inc. (NASDAQ:BIOL) major shareholder Larry N. Feinberg acquired 12,545,615 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were bought at an average cost of $0.43 per share, for a total transaction of $5,394,614.45. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Biolase, Inc. (BIOL) traded up $0.05 during mid-day trading on Friday, reaching $0.45. 706,700 shares of the company’s stock were exchanged, compared to its average volume of 163,212. Biolase, Inc. has a 12 month low of $0.28 and a 12 month high of $1.90.

Separately, ValuEngine raised shares of Biolase from a “sell” rating to a “hold” rating in a report on Monday, October 2nd.

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Biolase Company Profile

BIOLASE, Inc (BIOLASE) is a medical device company that develops, manufactures, markets and sells laser systems in dentistry and medicine. The Company markets, sells, and distributes dental imaging equipment, including cone beam digital x-rays and computer-aided design (CAD)/computer-aided manufacturing (CAM) intra-oral scanners, in-office, chair-side milling machines and three-dimensional (3-D) printers.

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