Insider Selling: Furiex Pharmaceuticals SVP Sells 74,457 Shares of Stock (FURX)
Furiex Pharmaceuticals (NASDAQ:FURX) SVP Gail Frances Mcintyre sold 74,457 shares of Furiex Pharmaceuticals stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $105.01, for a total value of $7,818,729.57. Following the sale, the senior vice president now directly owns 24,318 shares of the company’s stock, valued at approximately $2,553,633. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Furiex Pharmaceuticals (NASDAQ:FURX) traded down 0.83% during mid-day trading on Wednesday, hitting $104.11. The stock had a trading volume of 532,503 shares. Furiex Pharmaceuticals has a one year low of $32.05 and a one year high of $121.97. The stock’s 50-day moving average is $104.1 and its 200-day moving average is $79.5. The company’s market cap is $1.125 billion.
Furiex Pharmaceuticals (NASDAQ:FURX) last announced its earnings results on Wednesday, May 7th. The company reported ($1.25) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.63) by $0.62. The company had revenue of $6.40 million for the quarter, compared to the consensus estimate of $10.01 million. During the same quarter in the prior year, the company posted $0.82 earnings per share. The company’s quarterly revenue was down 83.7% on a year-over-year basis. On average, analysts predict that Furiex Pharmaceuticals will post $-2.27 earnings per share for the current fiscal year.
Furiex Pharmaceuticals, Inc is a drug development collaboration company. The Company’s product pipeline includes two marketed products and three programs in development, including late-stage compounds, in multiple therapeutic areas.
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