BofA’s Hartnett says concentrated U.S. stock returns are likely to persist
Vininder Singh, the Chief Executive Officer of BullFrog AI Holdings, Inc. (NASDAQ:BFRG), recently executed a stock sale involving 5,895 shares of the company’s common stock. The transaction comes as the stock trades near its 52-week low of $1.35, having declined about 47% over the past six months, according to InvestingPro data. The shares were sold at an average price of $1.3039 per share, totaling approximately $7,686. This transaction was conducted under a Rule 10b5-1 sales plan, which allows insiders to set up a predetermined plan to sell stocks. Following this sale, Singh retains direct ownership of 2,342,446 shares in the company. The micro-cap company, currently valued at $13.3 million, maintains strong liquidity with a current ratio of 9.43, though InvestingPro analysis indicates the stock is currently fairly valued. InvestingPro subscribers have access to 8 additional key insights about BFRG’s financial health and market position.
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