Insider Buying: Celsion Director Buys 5,000 Shares of Stock (CLSN)
Celsion (NASDAQ:CLSN) Director Alberto R. Martinez, Jr. bought 5,000 shares of the stock in a transaction dated Friday, August 15th. The stock was purchased at an average cost of $3.12 per share, with a total value of $15,600.00. Following the transaction, the director now directly owns 55,081 shares in the company, valued at approximately $171,853. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 2.50% on Friday, hitting $3.12. The stock had a trading volume of 263,020 shares. Celsion has a 1-year low of $2.82 and a 1-year 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.
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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