Roka Bioscience, Inc. (ROKA) Shares Down 5.3%

Roka Bioscience, Inc. (NASDAQ:ROKA)’s share price fell 5.3% on Wednesday . The stock traded as low as $1.62 and last traded at $1.80. 2,564,449 shares traded hands during mid-day trading, an increase of 365% from the average session volume of 551,426 shares. The stock had previously closed at $1.90.

In related news, major shareholder Orbimed Advisors Llc sold 127,601 shares of the stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $0.98, for a total value of $125,048.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 894,570 shares of company stock valued at $741,435 over the last three months. 29.20% of the stock is currently owned by insiders.

An institutional investor recently bought a new position in Roka Bioscience stock. AWM Investment Company Inc. purchased a new position in shares of Roka Bioscience, Inc. (NASDAQ:ROKA) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 132,297 shares of the medical research company’s stock, valued at approximately $352,000. AWM Investment Company Inc. owned 2.64% of Roka Bioscience as of its most recent filing with the SEC. 66.51% of the stock is currently owned by institutional investors and hedge funds.

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Roka Bioscience Company Profile

Roka Bioscience, Inc is a molecular diagnostics company. The Company is focused on the development and commercialization of molecular assay technologies for the detection of foodborne pathogens under the Atlas brand name. The Company offers Atlas Detection Assays and Atlas instrument in the North American food safety testing market and has rights to develop and commercialize its molecular testing solutions for a range of other industrial applications.

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