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Pacific Biosciences of California (NASDAQ:PACB) Director William W. Ericson bought 123,423 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were purchased at an average price of $4.89 per share, for a total transaction of $603,538.47. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Pacific Biosciences of California (NASDAQ:PACB) traded up 0.80% during mid-day trading on Thursday, hitting $5.01. The stock had a trading volume of 438,758 shares. Pacific Biosciences of California has a 52 week low of $3.32 and a 52 week high of $8.20. The stock’s 50-day moving average is $5.33 and its 200-day moving average is $5.54. The company’s market cap is $353.9 million.

Pacific Biosciences of California (NASDAQ:PACB) last issued its quarterly earnings data on Thursday, July 24th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by $0.12. The company had revenue of $11.40 million for the quarter, compared to the consensus estimate of $11.39 million. During the same quarter in the previous year, the company posted ($0.33) earnings per share. The company’s revenue for the quarter was up 90.0% on a year-over-year basis. On average, analysts predict that Pacific Biosciences of California will post $-1.07 earnings per share for the current fiscal year.

Pacific Biosciences, Inc develops Deoxyribonucleic Acid (NASDAQ:PACB) sequencing platform.

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