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LANGHORNE, PA—Adam R. Levy, the Chief Executive Officer of NexGel, Inc. (NASDAQ:NXGL), recently sold 4,000 shares of the company’s common stock. The transaction, which took place on March 3, 2025, was conducted under a Rule 10b5-1 trading plan for tax planning purposes. The sale comes as the stock has declined 12% over the past week, according to InvestingPro data.
The shares were sold at a weighted average price of $3.1597 per share, resulting in a total transaction value of $12,638. This sale was part of open market transactions with prices ranging from $3.0800 to $3.1700 per share. The micro-cap company, valued at $20.8 million, has shown strong revenue growth of 91% over the last twelve months. Investors can access NexGel’s complete financial health analysis and 7 additional key insights through InvestingPro’s comprehensive research report.
Following the sale, Levy retains ownership of 374,284 shares of NexGel stock. The shares sold were originally acquired in 2019 and were not part of any recent registered direct offerings by the company. The company is scheduled to report its next earnings on March 26, 2025.
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