Insider Buying: GTx VP Purchases 10,000 Shares of Stock (GTXI)
GTx (NASDAQ:GTXI) VP Henry Patton Doggrell acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 8th. The shares were purchased at an average cost of $0.97 per share, for a total transaction of $9,700.00. Following the completion of the purchase, the vice president now directly owns 102,913 shares of the company’s stock, valued at approximately $99,826. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
GTx (NASDAQ:GTXI) traded up 11.11% during mid-day trading on Friday, hitting $1.00. 428,972 shares of the company’s stock traded hands. GTx has a 52 week low of $0.81 and a 52 week high of $4.65. The stock has a 50-day moving average of $1.28 and a 200-day moving average of $1.50. 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) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.12) by $0.03. During the same quarter last 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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