POZEN CEO John R. Plachetka Unloads 50,000 Shares (POZN)
POZEN (NASDAQ:POZN) CEO John R. Plachetka unloaded 50,000 shares of POZEN stock on the open market in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $7.75, for a total value of $387,500.00. Following the transaction, the chief executive officer now directly owns 693,126 shares in the company, valued at approximately $5,371,727. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of POZEN (NASDAQ:POZN) remained flat at $8.18 during during mid-day trading trading on Monday. 356,391 shares of the company’s stock traded hands. POZEN has a 1-year low of $4.92 and a 1-year high of $9.90. The stock’s 50-day moving average is $8.20 and its 200-day moving average is $8.34. The company’s market cap is $253.8 million.
POZEN (NASDAQ:POZN) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.09 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.07 by $0.02. The company had revenue of $7.40 million for the quarter, compared to the consensus estimate of $7.10 million. During the same quarter in the prior year, the company posted ($0.13) earnings per share. The company’s quarterly revenue was up 335.3% on a year-over-year basis. Analysts expect that POZEN will post $0.68 EPS for the current fiscal year.
Separately, analysts at Ascendiant Capital Markets upgraded shares of POZEN from a “hold” rating to a “buy” rating in a research note on Friday. They now have a $10.00 price target on the stock.
POZEN Inc (NASDAQ:POZN), is a pharmaceutical company focused on transforming medicine.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.