Insider Selling: Michael Kauffman Sells 200,000 Shares of Karyopharm Therapeutics Stock (KPTI)
Karyopharm Therapeutics (NASDAQ:KPTI) CEO Michael Kauffman sold 200,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $42.50, for a total value of $8,500,000.00. Following the completion of the transaction, the chief executive officer now directly owns 587,596 shares in the company, valued at approximately $24,972,830. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Karyopharm Therapeutics (NASDAQ:KPTI) traded up 2.11% on Wednesday, hitting $45.08. 268,065 shares of the company’s stock traded hands. Karyopharm Therapeutics has a one year low of $15.50 and a one year high of $47.98. The stock has a 50-day moving average of $33.12 and a 200-day moving average of $31.81. The company’s market cap is $1.342 billion.
Karyopharm Therapeutics (NASDAQ:KPTI) last released its earnings data 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. On average, analysts predict that Karyopharm Therapeutics will post $-2.00 earnings per share 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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