Insider Selling: John T. Curnutte Sells 30,000 Shares of Portola Pharmaceuticals Stock (PTLA)
Portola Pharmaceuticals (NASDAQ:PTLA) EVP John T. Curnutte sold 30,000 shares of Portola Pharmaceuticals stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $28.33, for a total transaction of $849,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Portola Pharmaceuticals (NASDAQ:PTLA) traded down 1.65% on Thursday, hitting $29.87. The stock had a trading volume of 372,310 shares. Portola Pharmaceuticals has a 52-week low of $19.59 and a 52-week high of $30.95. The stock has a 50-day moving average of $23.31 and a 200-day moving average of $25.04. The company’s market cap is $1.228 billion.
Portola Pharmaceuticals (NASDAQ:PTLA) last posted its quarterly earnings results on Monday, May 12th. The company reported ($0.75) EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted ($12.94) earnings per share. The company’s quarterly revenue was down 23.8% on a year-over-year basis. On average, analysts predict that Portola Pharmaceuticals will post $-3.44 earnings per share 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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