Jerry Fiddler Sells 5,600 Shares of Solazyme Stock (SZYM)
Solazyme (NASDAQ:SZYM) Director Jerry Fiddler sold 5,600 shares of the stock on the open market in a transaction dated Friday, January 31st. The stock was sold at an average price of $11.00, for a total transaction of $61,600.00. Following the sale, the director now directly owns 47,925 shares in the company, valued at approximately $527,175. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Solazyme (NASDAQ:SZYM) traded up 32.75% on Friday, hitting $12.97. 4,996,054 shares of the company’s stock traded hands. Solazyme has a one year low of $7.15 and a one year high of $13.09. The stock’s 50-day moving average is $10.06 and its 200-day moving average is $10.50. The company’s market cap is $883.9 million.
Separately, analysts at Credit Suisse downgraded shares of Solazyme from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, November 6th. They now have a $12.00 price target on the stock, down previously from $17.00. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. Solazyme presently has a consensus rating of “Buy” and an average price target of $13.90.
Solazyme, Inc operates as a renewable oil production company. The Company fuels include microbial-derived jet fuels, bio-diesels, and renewable diesels.
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