Insider Buying: Felix Theeuwes Acquires 75,000 Shares of Durect Stock (DRRX)
Durect (NASDAQ:DRRX) Chairman Felix Theeuwes acquired 75,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were purchased at an average cost of $1.20 per share, for a total transaction of $90,000.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Durect (NASDAQ:DRRX) traded up 1.67% on Wednesday, hitting $1.22. The stock had a trading volume of 781,844 shares. Durect has a one year low of $0.61 and a one year high of $1.85. The stock has a 50-day moving average of $1.15 and a 200-day moving average of $1.14. The company’s market cap is $124.5 million.
Durect (NASDAQ:DRRX) last posted its quarterly earnings results on Monday, August 5th. The company reported ($0.05) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.05). The company had revenue of $3.92 million for the quarter, compared to the consensus estimate of $3.42 million. During the same quarter in the prior year, the company posted ($0.05) earnings per share. Analysts expect that Durect will post $-0.22 EPS for the current fiscal year.
Durect Corporation is a specialty pharmaceutical company focused on the development of pharmaceutical products based on the drug delivery technology platforms.
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