MannKind VP Sells $15,076 in Stock (MNKD)
MannKind (NASDAQ:MNKD) VP Juergen Martens sold 1,458 shares of the stock on the open market in a transaction dated Friday, June 20th. The stock was sold at an average price of $10.34, for a total value of $15,075.72. Following the completion of the transaction, the vice president now directly owns 114,024 shares of the company’s stock, valued at approximately $1,179,008. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
MannKind (NASDAQ:MNKD) traded up 1.93% on Monday, hitting $10.55. The stock had a trading volume of 3,210,504 shares. MannKind has a one year low of $3.80 and a one year high of $11.11. The stock has a 50-day moving average of $8.49 and a 200-day moving average of $6.42. The company’s market cap is $3.987 billion.
MannKind (NASDAQ:MNKD) last issued its quarterly earnings data on Monday, May 12th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by $0.01. During the same quarter in the previous year, the company posted ($0.15) earnings per share. Analysts expect that MannKind will post $-0.37 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at RBC Capital initiated coverage on shares of MannKind in a research note on Thursday, June 12th. They set an “outperform” rating and a $16.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of MannKind in a research note on Wednesday, May 14th. They now have a $7.00 price target on the stock. Finally, analysts at Piper Jaffray upgraded shares of MannKind from an “underweight” rating to a “neutral” rating in a research note on Wednesday, May 14th. They now have a $6.50 price target on the stock, up previously from $2.00. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. MannKind has an average rating of “Hold” and an average price target of $8.79.
MannKind Corporation (NASDAQ:MNKD) is a development-stage biopharmaceutical company.
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