Yihong Yao Purchases 4,167 Shares of Cellular Biomedicine Group Inc (NASDAQ:CBMG) Stock

Cellular Biomedicine Group Inc (NASDAQ:CBMG) insider Yihong Yao acquired 4,167 shares of the firm’s stock in a transaction dated Friday, December 22nd. The stock was bought at an average price of $12.00 per share, with a total value of $50,004.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Cellular Biomedicine Group Inc (NASDAQ CBMG) opened at $19.65 on Friday. Cellular Biomedicine Group Inc has a 1-year low of $5.05 and a 1-year high of $22.40. The company has a market capitalization of $252.18, a PE ratio of -11.42 and a beta of 2.59.

A number of institutional investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Cellular Biomedicine Group during the third quarter worth about $107,000. Susquehanna International Group LLP bought a new position in Cellular Biomedicine Group during the second quarter worth about $320,000. Finally, Goldman Sachs Group Inc. bought a new position in Cellular Biomedicine Group during the second quarter worth about $540,000. Institutional investors and hedge funds own 4.03% of the company’s stock.

Separately, BidaskClub upgraded Cellular Biomedicine Group from a “hold” rating to a “buy” rating in a report on Wednesday.

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About Cellular Biomedicine Group

Cellular Biomedicine Group, Inc (CBMG) is a biomedicine company. The Company is engaged in the development of treatments for cancerous and degenerative diseases utilizing cell-based technologies. The Company operates in Biomedicine Cell Therapy segment. The Company’s technology includes platforms, such as Immune Cell therapy for treatment of broad range of cancers using Vaccine, T Cells Receptor (TCR) clonality analysis technology and T Central Memory Cell (Tcm) preparation methodologies, Chimeric Antigen Receptor T cell (CAR-T), and human adipose-derived mesenchymal progenitor cells (haMPC) for treatment of joint and autoimmune diseases, with primary research and manufacturing facilities in China.

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