MEI Pharma Major Shareholder Sells $5,909,523 in Stock (MEIP)
MEI Pharma (NASDAQ:MEIP) major shareholder Vivo Ventures Vii, Llc sold 581,646 shares of MEI Pharma stock on the open market in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $10.16, for a total transaction of $5,909,523.36. The sale was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
MEI Pharma (NASDAQ:MEIP) traded up 2.38% on Friday, hitting $9.91. 35,039 shares of the company’s stock traded hands. MEI Pharma has a 52 week low of $2.10 and a 52 week high of $13.20. The stock’s 50-day moving average is $8.51 and its 200-day moving average is $8.12. The company’s market cap is $169.6 million.
MEI Pharma, Inc, formerly Marshall Edwards, Inc, is a development-stage oncology company. The Company is engaged in the development of drugs for the treatment of cancer.
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