Karyopharm Therapeutics CEO Sells $835,200 in Stock (KPTI)
Karyopharm Therapeutics (NASDAQ:KPTI) CEO Michael Kauffman sold 20,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $41.76, for a total transaction of $835,200.00. Following the completion of the sale, the chief executive officer now directly owns 687,596 shares of the company’s stock, valued at approximately $28,714,009. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Karyopharm Therapeutics (NASDAQ:KPTI) traded down 0.26% during mid-day trading on Thursday, hitting $42.59. The stock had a trading volume of 337,670 shares. Karyopharm Therapeutics has a 52-week low of $15.50 and a 52-week high of $47.98. The stock’s 50-day moving average is $28.81 and its 200-day moving average is $29.98. The company’s market cap is $1.268 billion.
Karyopharm Therapeutics (NASDAQ:KPTI) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.46) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.47) by $0.01. Analysts expect that Karyopharm Therapeutics will post $-2.03 EPS for the current fiscal year.
Karyopharm Therapeutics Inc is a clinical-stage pharmaceutical company focused on the discovery and development of drugs directed against nuclear transport targets for the treatment of cancer and other major diseases.
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