Insider Buying: A/S Novo Acquires 455,000 Shares of Ophthotech Corp Stock (OPHT)
Ophthotech Corp (NASDAQ:OPHT) Insider A/S Novo acquired 455,000 shares of Ophthotech Corp stock on the open market in a transaction that occurred on Monday, September 30th. The stock was purchased at an average cost of $22.00 per share, with a total value of $10,010,000.00. Following the purchase, the insider now directly owns 6,896,819 shares in the company, valued at approximately $151,730,018. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Ophthotech Corp (NASDAQ:OPHT) traded up 9.83% during mid-day trading on Wednesday, hitting $32.74. The stock had a trading volume of 322,381 shares. Ophthotech Corp has a 52 week low of $23.00 and a 52 week high of $32.75. The stock’s 50-day moving average is $29.33 and its 200-day moving average is $29.33. The company’s market cap is $985.8 million.
Ophthotech Corporation is a biopharmaceutical company specializing in the development of therapeutics to treat diseases of the eye.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.