Insider Buying: GTx VP Buys 10,000 Shares of Stock (GTXI)
GTx (NASDAQ:GTXI) VP Henry Patton Doggrell acquired 10,000 shares of GTx stock on the open market in a transaction dated Friday, August 8th. The shares were purchased at an average cost of $0.97 per share, with a total value of $9,700.00. Following the transaction, the vice president now directly owns 102,913 shares of the company’s stock, valued at approximately $99,826. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of GTx (NASDAQ:GTXI) traded up 11.11% on Friday, hitting $1.00. The stock had a trading volume of 428,972 shares. GTx has a one year low of $0.81 and a one year high of $4.65. The stock’s 50-day moving average is $1.28 and its 200-day moving average is $1.50. The company’s market cap is $75.2 million.
GTx (NASDAQ:GTXI) last announced its earnings results on Tuesday, August 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by $0.03. During the same quarter in the previous year, the company posted ($0.20) earnings per share. On average, analysts predict that GTx will post $-0.47 earnings per share for the current fiscal year.
GTx, Inc is a biopharmaceutical company. The Company is developing selective androgen receptor modulators (NASDAQ:GTXI) , a drugs with the potential to prevents and treat muscle wasting in patients with cancer and other musculoskeletal wasting or muscle loss conditions, including chronic sarcopenia (age related muscle loss).
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