Insider Buying: Marc Steven Hanover Purchases 30,000 Shares of GTx Stock (GTXI)
GTx (NASDAQ:GTXI) CEO Marc Steven Hanover purchased 30,000 shares of the stock in a transaction dated Friday, August 8th. The shares were purchased at an average cost of $0.93 per share, for a total transaction of $27,900.00. Following the transaction, the chief executive officer now directly owns 168,138 shares of the company’s stock, valued at approximately $156,368. The purchase was disclosed in a filing with the SEC, which is available at this link.
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 has a 50-day moving average of $1.29 and a 200-day moving average of $1.5. The company’s market cap is $75.2 million.
GTx (NASDAQ:GTXI) last released its earnings data on Tuesday, August 5th. The company reported ($0.15) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.12) by $0.03. During the same quarter in the prior year, the company posted ($0.20) earnings per share. Analysts expect that GTx will post $-0.47 EPS 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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