Rapid Micro Biosystems CEO and Director purchase shares, despite negative return on equity.

Rapid Micro Biosystems CEO, Robert G. Spignesi, and Director, Richard S. Kollender, both recently bought shares in the company. Kollender purchased 65,000 shares at $0.77/share on August 6th, raising his total stock ownership to 96,718 shares. Spignesi bought 50,000 shares at the same price, increasing his direct holdings to 540,012 shares. Despite the share purchases, the company reported a negative return on equity of 45.23% and a net margin of -204.22% for the quarter ending August 2nd. Rapid Micro Biosystems develops products for detecting microbial contamination in pharmaceutical, medical device, and personal care product manufacturing.

August 10, 2024
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