Insider Selling: XOMA Corp VP Unloads 5,000 Shares of Stock (XOMA)
XOMA Corp (NASDAQ:XOMA) VP Patrick J. Md Phd Scannon sold 5,000 shares of the stock on the open market in a transaction dated Friday, August 1st. The stock was sold at an average price of $3.83, for a total transaction of $19,150.00. Following the completion of the transaction, the vice president now directly owns 81,546 shares of the company’s stock, valued at approximately $312,321. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of XOMA Corp (NASDAQ:XOMA) traded up 2.94% on Monday, hitting $4.025. 1,268,060 shares of the company’s stock traded hands. XOMA Corp has a one year low of $3.42 and a one year high of $9.57. The stock’s 50-day moving average is $4.3 and its 200-day moving average is $5.33. The company’s market cap is $430.3 million.
Separately, analysts at Wedbush raised their price target on shares of XOMA Corp to $14.00 in a research note on Monday, May 12th. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. XOMA Corp currently has a consensus rating of “Buy” and an average price target of $9.11.
XOMA Corporation (NASDAQ:XOMA) is engaged in the discovery and development of antibody-based therapeutics.
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