Insider Selling: William Lis Unloads 30,000 Shares of Portola Pharmaceuticals Stock (PTLA)
Portola Pharmaceuticals (NASDAQ:PTLA) CEO William Lis sold 30,000 shares of Portola Pharmaceuticals stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $20.83, for a total transaction of $624,900.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Portola Pharmaceuticals (NASDAQ:PTLA) traded up 6.67% during mid-day trading on Tuesday, hitting $21.75. The stock had a trading volume of 141,625 shares. Portola Pharmaceuticals has a 52-week low of $16.36 and a 52-week high of $30.95. The stock’s 50-day moving average is $22.81 and its 200-day moving average is $25.13. The company’s market cap is $894.4 million.
Portola Pharmaceuticals (NASDAQ:PTLA) last released its earnings data on Monday, May 12th. The company reported ($0.75) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.72) by $0.03. The company had revenue of $2.40 million for the quarter, compared to the consensus estimate of $1.81 million. During the same quarter in the previous year, the company posted ($12.94) earnings per share. The company’s revenue for the quarter was down 23.8% on a year-over-year basis. Analysts expect that Portola Pharmaceuticals will post $-3.44 EPS for the current fiscal year.
Portola Pharmaceuticals, Inc is a biopharmaceutical company focused on the development and commercialization of therapeutics in the areas of thrombosis, other hematologic disorders and inflammation for patients who has limited or no approved treatment options.
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