Insider Selling: Arthur S. Kirsch Sells 2,500 Shares of POZEN Stock (POZN)
POZEN (NASDAQ:POZN) Director Arthur S. Kirsch sold 2,500 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $8.67, for a total value of $21,675.00. Following the completion of the sale, the director now directly owns 40,291 shares of the company’s stock, valued at approximately $349,323. The sale was disclosed in a filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at TheStreet upgraded shares of POZEN from a “sell” rating to a “hold” rating in a research note on Monday, May 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $9.92.
Shares of POZEN (NASDAQ:POZN) remained flat at $8.73 during trading on Friday. The stock had a trading volume of 186,511 shares. POZEN has a 52-week low of $4.73 and a 52-week high of $9.90. The stock’s 50-day moving average is $8.54 and its 200-day moving average is $8.35. The company’s market cap is $269.4 million.
POZEN (NASDAQ:POZN) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.09 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.04) by $0.13. The company had revenue of $7.55 million for the quarter, compared to the consensus estimate of $5.50 million. During the same quarter in the prior year, the company posted ($0.19) earnings per share. The company’s quarterly revenue was up 433.5% on a year-over-year basis. Analysts expect that POZEN will post $0.58 EPS for the current fiscal year.
POZEN Inc (NASDAQ:POZN), is a pharmaceutical company focused on transforming medicine.
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