Roka Bioscience, Inc. (ROKA) Trading 6.6% Higher

Roka Bioscience, Inc. (NASDAQ:ROKA)’s share price traded up 6.6% during mid-day trading on Thursday . The stock traded as high as $1.08 and last traded at $0.97. 788,100 shares traded hands during mid-day trading, an increase of 107% from the average session volume of 379,972 shares. The stock had previously closed at $0.91.

In other news, major shareholder Orbimed Advisors Llc sold 127,601 shares of Roka Bioscience stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $0.98, for a total value of $125,048.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 894,570 shares of company stock valued at $741,435 in the last quarter. Company insiders own 29.20% of the company’s stock.

A hedge fund recently bought a new stake in Roka Bioscience stock. AWM Investment Company Inc. bought a new position in shares of Roka Bioscience, Inc. (NASDAQ:ROKA) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 132,297 shares of the medical research company’s stock, valued at approximately $352,000. AWM Investment Company Inc. owned about 2.64% of Roka Bioscience as of its most recent SEC filing. 65.57% of the stock is owned by institutional investors.

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About Roka Bioscience

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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