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Cell Therapeutics (NASDAQ:CTIC) EVP Louis A. Bianco sold 10,000 shares of the company’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $2.97, for a total transaction of $29,700.00. Following the completion of the transaction, the executive vice president now directly owns 802,897 shares of the company’s stock, valued at approximately $2,384,604. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Cell Therapeutics (NASDAQ:CTIC) traded down 1.32% on Friday, hitting $2.98. 1,185,080 shares of the company’s stock traded hands. Cell Therapeutics has a one year low of $0.97 and a one year high of $4.25. The stock has a 50-day moving average of $2.91 and a 200-day moving average of $2.94. The company’s market cap is $423.6 million.

Cell Therapeutics (NASDAQ:CTIC) last released its earnings data on Tuesday, April 29th. The company reported ($0.20) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.17) by $0.03. The company had revenue of $1.40 million for the quarter, compared to the consensus estimate of $1.10 million. Analysts expect that Cell Therapeutics will post $-0.60 EPS for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at Ladenburg Thalmann initiated coverage on shares of Cell Therapeutics in a research note on Thursday, May 22nd. They set a “buy” rating and a $6.00 price target on the stock. Analysts at WallachBeth Capital initiated coverage on shares of Cell Therapeutics in a research note on Wednesday, March 19th. They set a “hold” rating and a $4.50 price target on the stock. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Cell Therapeutics has a consensus rating of “Buy” and an average target price of $4.83.

Cell Therapeutics, Inc develops, acquires and commercializes treatments for cancer. It focuses on building a biopharmaceutical company with a diversified portfolio of oncology drugs.

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