Insider Selling: Dennis L. Mcnamara Sells 15,100 Shares of POZEN Stock (POZN)
POZEN (NASDAQ:POZN) EVP Dennis L. Mcnamara sold 15,100 shares of the company’s stock on the open market in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $9.06, for a total value of $136,806.00. Following the transaction, the executive vice president now directly owns 86,593 shares of the company’s stock, valued at approximately $784,533. The transaction was disclosed in a document filed with the SEC, which is available at this link.
POZEN (NASDAQ:POZN) traded up 0.22% during mid-day trading on Tuesday, hitting $9.02. The stock had a trading volume of 191,842 shares. POZEN has a 1-year low of $4.73 and a 1-year high of $9.90. The stock’s 50-day moving average is $8.58 and its 200-day moving average is $8.46. The company’s market cap is $278.3 million.
POZEN (NASDAQ:POZN) last announced its earnings results on Thursday, May 8th. The company reported $0.09 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.19) earnings per share. POZEN’s revenue was up 433.5% compared to the same quarter last year. On average, analysts predict that POZEN will post $0.58 earnings per share for the current fiscal year.
Separately, 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 company’s stock. POZEN has an average rating of “Hold” and a consensus price target of $9.92.
POZEN Inc (NASDAQ:POZN), is a pharmaceutical company focused on transforming medicine.
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