Opaleye Management Inc., listed as a 10% owner, acquired 5,000 shares of SLGL for a total of $341,175. The purchase price was $68.24 per share, based on the Form 4 filing. No other insiders reported significant buying activity in SLGL on the same date.
This transaction represents the vast majority of insider buying for SLGL on August 31, with total reported purchases in the ticker reaching $356,169.70. Large purchases by major shareholders can signal confidence in the company’s outlook or valuation.