Furiex Pharmaceuticals VP Paul S. Covington Sells 10,368 Shares (FURX)
Furiex Pharmaceuticals (NASDAQ:FURX) VP Paul S. Covington unloaded 10,368 shares of Furiex Pharmaceuticals stock on the open market in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $104.12, for a total transaction of $1,079,516.16. Following the completion of the transaction, the vice president now directly owns 22,523 shares of the company’s stock, valued at approximately $2,345,095. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Furiex Pharmaceuticals (NASDAQ:FURX) traded up 0.69% during mid-day trading on Thursday, hitting $104.85. The stock had a trading volume of 133,816 shares. Furiex Pharmaceuticals has a one year low of $32.05 and a one year high of $121.97. The stock has a 50-day moving average of $104.2 and a 200-day moving average of $81.95. The company’s market cap is $1.133 billion.
Furiex Pharmaceuticals (NASDAQ:FURX) last issued its quarterly earnings data 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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