Insider Selling: James A. Bianco Sells 40,000 Shares of CTI BioPharma Corp Stock (CTIC)
CTI BioPharma Corp (NASDAQ:CTIC) CEO James A. Bianco sold 40,000 shares of CTI BioPharma Corp stock on the open market in a transaction dated Friday, August 15th. The shares were sold at an average price of $2.54, for a total value of $101,600.00. Following the sale, the chief executive officer now directly owns 2,257,794 shares in the company, valued at approximately $5,734,797. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
CTIC has been the subject of a number of recent research reports. Analysts at WallachBeth Capital upgraded shares of CTI BioPharma Corp from a “hold” rating to a “buy” rating in a research note on Tuesday, August 5th. They now have a $4.50 price target on the stock. Analysts at Ladenburg Thalmann initiated coverage on shares of CTI BioPharma Corp in a research note on Thursday, May 22nd. They set a “buy” rating and a $6.00 price target on the stock. Five equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average target price of $4.83.
CTI BioPharma Corp (NASDAQ:CTIC) traded up 1.58% during mid-day trading on Friday, hitting $2.57. 1,302,592 shares of the company’s stock traded hands. CTI BioPharma Corp has a 52-week low of $1.06 and a 52-week high of $4.25. The stock’s 50-day moving average is $2.6 and its 200-day moving average is $3.09. The company’s market cap is $371.2 million. CTI BioPharma Corp also was the target of unusually large options trading activity on Wednesday. Investors purchased 10,012 put options on the stock. This is an increase of approximately 1,867% compared to the average daily volume of 509 put options.
CTI BioPharma Corp (NASDAQ:CTIC) last announced its earnings results on Monday, August 4th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by $0.07. Analysts expect that CTI BioPharma Corp will post $-0.61 EPS for the current fiscal year.
CTI BioPharma Corp. (NASDAQ:CTIC), formerly Cell Therapeutics, Inc, is a biopharmaceutical company focused on the acquisition, development, and commercialization of less toxic ways to treats cancer.
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