Avalyn Pharma (NASDAQ:AVLN) Major Shareholder Buys $9,999,990.00 in Stock

Avalyn Pharma Inc. (NASDAQ:AVLN) major shareholder Sr One Capital Management, Llc bought 555,555 shares of Avalyn Pharma stock in a transaction dated Friday, May 1st. The shares were bought at an average cost of $18.00 per share, for a total transaction of $9,999,990.00. Following the completion of the transaction, the insider owned 2,186,562 shares of the company’s stock, valued at approximately $39,358,116. This trade represents a 34.06% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Avalyn Pharma Stock Up 1.2%

Shares of NASDAQ:AVLN traded up $0.35 during trading on Friday, reaching $29.84. 830,048 shares of the company were exchanged. Avalyn Pharma Inc. has a 12-month low of $26.00 and a 12-month high of $30.20.