Insider Selling: Louis A. Bianco Sells 10,000 Shares of Cell Therapeutics Stock (CTIC)
Cell Therapeutics (NASDAQ:CTIC) EVP Louis A. Bianco unloaded 10,000 shares of the stock on the open market in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $2.73, for a total transaction of $27,300.00. Following the transaction, the executive vice president now directly owns 792,897 shares in the company, valued at approximately $2,164,609. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Cell Therapeutics (NASDAQ:CTIC) traded down 0.37% on Friday, hitting $2.69. 970,749 shares of the company’s stock traded hands. Cell Therapeutics has a 52 week low of $1.01 and a 52 week high of $4.25. The stock has a 50-day moving average of $2.96 and a 200-day moving average of $3.13. The company’s market cap is $382.4 million.
Cell Therapeutics (NASDAQ:CTIC) last issued its quarterly earnings data on Tuesday, April 29th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the 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. Analysts expect that Cell Therapeutics will post $-0.60 EPS 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 assigned a buy rating to the company’s stock. Cell Therapeutics currently has a consensus rating of “Buy” and a consensus target price 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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