Insider Buying: Celsion CEO Purchases 4,000 Shares of Stock (CLSN)
Celsion (NASDAQ:CLSN) CEO Michael H. Tardugno purchased 4,000 shares of Celsion stock in a transaction that occurred on Friday, August 15th. The stock was purchased at an average cost of $3.12 per share, for a total transaction of $12,480.00. Following the acquisition, the chief executive officer now directly owns 74,521 shares in the company, valued at approximately $232,506. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Celsion (NASDAQ:CLSN) traded down 2.50% during mid-day trading on Friday, hitting $3.12. 263,020 shares of the company’s stock traded hands. Celsion has a 52 week low of $2.82 and a 52 week high of $6.6216. The stock has a 50-day moving average of $3.24 and a 200-day moving average of $3.39. The company’s market cap is $53.7 million.
Celsion (NASDAQ:CLSN) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.38) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.32) by $0.06. Analysts expect that Celsion will post $-1.33 EPS for the current fiscal year.
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 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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