These sales are routine in size and structure — no informed trading signal. Monitor the next 10-Q for cash runway updates and pipeline milestones, which are the primary drivers for this micro-cap biotech.
Price Chart
Executive Summary
Two insiders (both See Remarks) sold a combined $5,579 in open-market sales on June 5, 2026, at $1.299/share. The aggregate dollar value is ~0.01% of MGX's $46M market cap — trivial in size and non-informative per the academic literature on insider sales (liquidity-clustering, not signal).
Key Financial Metrics
Key Facts
- Two insiders sold shares on 2026-06-05 at $1.299/share
- Total open-market sales: ~$5,579 (0.012% of market cap)
- Sales are below the <0.1% of market cap threshold for materiality
- No C-suite officers (CEO/CFO) are in the cluster — both filers listed as 'See Remarks'
- Cluster of sales carries no amplified informational content per Alldredge 2019; academic literature finds cluster sales not more predictive than non-cluster sales
Financial Impact
Insider sales of ~$5,579 represent 0.01% of MGX's $46M market cap — economically immaterial
Risk Factors
- MGX has a sub-$50M market cap with limited liquidity — even small trades can move the stock mechanically
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-MGX-1781104937094 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 21, 2026 5w ago | 8-K | $1.14 $0.8310 | ▼ −27.11% | ▼ −26.55% | $0.8100 (−28.95%) |
Aug 10, 2026 11w ago | 8-K | $1.21 $1.15 | ▲ +4.96% | ▲ +3.90% | $0.8100 (+33.06%) |
Jun 10, 2026 19w ago | Insider Cluster | $1.23 $1.26 | ▲ +2.44% | ▼ −1.18% | $0.8100 (−34.15%) |
Jun 10, 2026 19w ago | Insider Cluster | $1.23 $1.26 | ▲ +2.44% | ▼ −1.18% | $0.8100 (−34.15%) |
Jun 10, 2026 19w ago | Insider Cluster | $1.23 $1.26 | ▲ +2.44% | ▼ −1.18% | $0.8100 (−34.15%) |
Jun 10, 2026 19w ago | Insider Cluster | $1.23 $1.26 | ▲ +2.44% | ▼ −1.18% | $0.8100 (−34.15%) |
Jun 10, 2026 19w ago | Insider Cluster | $1.23 $1.26 | ▲ +2.44% | ▼ −1.18% | $0.8100 (−34.15%) |
May 11, 2026 24w ago | 8-K | $1.35 $1.23 | ▼ −8.89% | ▼ −7.16% | $0.8100 (−40.00%) |
May 11, 2026 24w ago | Press Release | $1.35 $1.23 | ▲ +8.89% | ▲ +7.16% | $0.8100 (+40.00%) |
Apr 27, 2026 26w ago | DEFA14A | $1.44 $1.36 | ▼ −5.56% | ▼ −11.02% | $0.8100 (−43.75%) |
US Market Status
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