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In a recent transaction, Thom Brian David, the Chief Executive Officer of United Health Products, Inc. (NASDAQ:UEEC), acquired 18,000 common shares of the company. The shares were purchased at $0.26 each, totaling $4,680, just slightly below the current trading price of $0.27. The stock has shown remarkable momentum, gaining over 399% year-to-date and currently trading near its 52-week high of $0.28. Following this transaction, David’s direct ownership in the company increased to 1,072,671 shares. With a market capitalization of $69.24 million, the company faces some financial challenges, as indicated by its current ratio of 0.12. This move comes as part of routine activity, reflecting the CEO’s continued investment in the company’s future. InvestingPro subscribers can access additional insights, including 10 more key investment tips and comprehensive insider trading analysis.
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