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Cell Therapeutics (NASDAQ:CTIC) EVP Matthew Plunkett sold 12,000 shares of Cell Therapeutics stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $2.89, for a total transaction of $34,680.00. Following the completion of the sale, the executive vice president now directly owns 584,904 shares in the company, valued at approximately $1,690,373. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Cell Therapeutics (NASDAQ:CTIC) traded up 0.36% on Wednesday, hitting $2.78. The stock had a trading volume of 913,814 shares. Cell Therapeutics has a 1-year low of $1.01 and a 1-year high of $4.25. The stock has a 50-day moving average of $2.95 and a 200-day moving average of $3.13. The company’s market cap is $395.1 million.

Cell Therapeutics (NASDAQ:CTIC) last issued its quarterly earnings data on Tuesday, April 29th. The company reported ($0.20) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.17) by $0.03. The company had revenue of $1.40 million for the quarter, compared to the consensus estimate of $1.10 million. On average, analysts predict that Cell Therapeutics will post $-0.60 earnings per share for the current fiscal year.

Separately, analysts at Ladenburg Thalmann initiated coverage on shares of Cell Therapeutics in a research note on Thursday, May 22nd. They set a “buy” rating and a $6.00 price target on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $4.83.

Cell Therapeutics, Inc develops, acquires and commercializes treatments for cancer. It focuses on building a biopharmaceutical company with a diversified portfolio of oncology drugs.

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