OpGen Inc (NASDAQ:OPGN) Stock Moves Up: Is The Rally Real?

Investors have piled on to the OpGen Inc (NASDAQ:OPGN) stock this morning and the stock has already gone up by 13%. The rally in the stock was triggered by the emergence of two filings at the United States Securities and Exchange Commission.

The flings have revealed that Oliver Schacht, the Chief Executive Officer of OpGen and Johannes Bacher, its Chief Operating Officer, both picked up shares in the company. Bacher bought a total of 20000 shares of OpGen in the price range between $2.25 and $2.30 each.

On the other hand, Schacht acquired 20000 shares as well and the prices range was between $2.22 and $2.25 each. The rally in the stock is understandable since insider stock acquisition usually indicates that the management believes that there is potential for growth. Last week the company had its annual shareholders’ meeting and except for partial adjournment of one proposal, all other proposals were passed.