This time of year, there's tax loss selling so not surprised to see GNOM hitting new lows each day. What concerned me was no insider buys .... until....this one.
SOURCE: Form 4
ISSUER: COMPLETE GENOMICS INC SYMBOL: GNOM
FILER: SENYEI ANDREW E TITLE: Director and Beneficial Owner
DATE TRANSACTION SHARES PRICE VALUE 11/30/11 Exercise 1,666 $0.00 N/A 12/14/11 Purchase 100,000 $3.05 $305,000
OWNERSHIP: 1,666 (Direct) 2,920,529 (Indirect)
The Form 4 is filed with the Securities and Exchange Commission by insiders to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.
Insider Data Source: The Washington Service (email@example.com or 301-913-5100)
(END) Dow Jones Newswires
$305,000 is a pretty good vote of confidence from an insider.