Insider Selling: Portola Pharmaceuticals Director Unloads 1,369 Shares of Stock (PTLA)
Portola Pharmaceuticals (NASDAQ:PTLA) Director Nicholas Galakatos sold 1,369 shares of Portola Pharmaceuticals stock on the open market in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $23.36, for a total value of $31,979.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Portola Pharmaceuticals (NASDAQ:PTLA) traded up 1.27% on Thursday, hitting $24.66. The stock had a trading volume of 57,009 shares. Portola Pharmaceuticals has a 52 week low of $18.25 and a 52 week high of $30.95. The stock’s 50-day moving average is $22.64 and its 200-day moving average is $24.91. The company’s market cap is $1.014 billion.
Portola Pharmaceuticals (NASDAQ:PTLA) last announced its earnings results 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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