OncoGenex Pharmaceuticals CEO Unloads $58,141 in Stock (OGXI)
OncoGenex Pharmaceuticals (NASDAQ:OGXI) CEO Scott Daniel Cormack sold 18,341 shares of OncoGenex Pharmaceuticals stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $3.17, for a total value of $58,140.97. Following the completion of the transaction, the chief executive officer now directly owns 84,139 shares in the company, valued at approximately $266,721. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
OncoGenex Pharmaceuticals (NASDAQ:OGXI) opened at 3.22 on Monday. OncoGenex Pharmaceuticals has a 1-year low of $2.86 and a 1-year high of $14.25. The stock’s 50-day moving average is $3.24 and its 200-day moving average is $6.97. The company’s market cap is $68.1 million. OncoGenex Pharmaceuticals also was the recipient of a significant drop in short interest in the month of July. As of July 31st, there was short interest totalling 305,595 shares, a drop of 45.7% from the July 15th total of 562,692 shares. Based on an average daily volume of 113,186 shares, the short-interest ratio is presently 2.7 days. Approximately 1.6% of the shares of the stock are sold short.
OncoGenex Pharmaceuticals (NASDAQ:OGXI) last announced its earnings results on Thursday, August 7th. The company reported ($0.47) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.55) by $0.08. On average, analysts predict that OncoGenex Pharmaceuticals will post $-1.75 earnings per share for the current fiscal year.
OncoGenex Pharmaceuticals, Inc (NASDAQ:OGXI) is a biopharmaceutical company engaged in the development and commercialization of new cancer therapies that address treatment resistance in cancer patients.
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