Insider Buying: Martin Shkreli Acquires 150,000 Shares of Retrophin Stock (RTRX)
Retrophin (NASDAQ:RTRX) CEO Martin Shkreli acquired 150,000 shares of the stock on the open market in a transaction dated Tuesday, December 31st. The shares were purchased at an average price of $7.00 per share, with a total value of $1,050,000.00. Following the transaction, the chief executive officer now directly owns 2,816,246 shares in the company, valued at approximately $19,713,722. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Retrophin (NASDAQ:RTRX) traded up 8.57% on Thursday, hitting $7.60. The stock had a trading volume of 81,287 shares. Retrophin has a 52-week low of $3.00 and a 52-week high of $9.99. The stock has a 50-day moving average of $6.92 and a 200-day moving average of $6.30. The company’s market cap is $139.7 million.
Retrophin Inc (NASDAQ:RTRX), formerly Desert Gateway, Inc, is a biotechnology company.
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