Insider Buying: Marvin Rosen Buys 1,974,334 Shares

Insider Buying: Marvin Rosen Buys 1,974,334 Shares of Fusion Telecommunications Int'l Stock (FSNN)

September 30th, 2013 - 0 comments - Filed Under - by Lisa McLeod

Fusion Telecommunications Int'l (NASDAQ:FSNN) Director Marvin Rosen purchased 1,974,334 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The shares were purchased at an average price of $0.10 per share, for a total transaction of $197,433.40. Following the completion of the purchase, the director now directly owns 30,093,148 shares of the company’s stock, valued at approximately $3,009,315. The transaction was disclosed in a document filed with the SEC, which is available at this link .

Shares of Fusion Telecommunications Int'l ( NASDAQ:FSNN ) traded up 8.00% on Monday, hitting $0.135. 851,481 shares of the company’s stock traded hands. Fusion Telecommunications Int'l has a 1-year low of $0.05 and a 1-year high of $0.17. The stock has a 50-day moving average of $0.09 and a 200-day moving average of $0.09. The company’s market cap is $29.5 million.

Fusion Telecommunications International, Inc ( NASDAQ:FSNN ) is a provider of Internet protocol (IP) based digital voice and data communications services to corporations and carriers worldwide.