Insider Buying: Alberto R. Martinez, Jr. Acquires 5,000 Shares of Celsion Stock (CLSN)
Celsion (NASDAQ:CLSN) Director Alberto R. Martinez, Jr. bought 5,000 shares of the stock on the open market in a transaction dated Friday, August 15th. The shares were purchased at an average cost of $3.12 per share, for a total transaction of $15,600.00. Following the transaction, the director now directly owns 55,081 shares in the company, valued at approximately $171,853. The acquisition was disclosed in a filing with the SEC, which is available at this link.
Separately, analysts at Paradigm Capital raised their price target on shares of Celsion from $12.50 to $13.50 in a research note on Thursday, July 17th. They now have a “buy” rating on the stock.
Celsion (NASDAQ:CLSN) traded down 3.44% on Friday, hitting $3.09. The stock had a trading volume of 232,132 shares. Celsion has a 52-week low of $2.82 and a 52-week high of $6.6216. The stock’s 50-day moving average is $3.24 and its 200-day moving average is $3.39. The company’s market cap is $53.2 million.
Celsion (NASDAQ:CLSN) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by $0.06. On average, analysts predict that Celsion will post $-1.33 earnings per share for the current fiscal year.
Celsion Corporation (NASDAQ:CLSN) is an oncology drug development company focused on improving treatment for those suffering with aggressive and difficult to treat forms of cancer.
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