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Otonomy (NASDAQ:OTIC) Insider A/S Novo acquired 171,875 shares of the stock in a transaction dated Monday, August 18th. The shares were purchased at an average price of $16.00 per share, with a total value of $2,750,000.00. Following the completion of the transaction, the insider now directly owns 2,159,335 shares in the company, valued at approximately $34,549,360. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Otonomy (NASDAQ:OTIC) traded down 1.06% during mid-day trading on Tuesday, hitting $15.84. The stock had a trading volume of 200,700 shares. Otonomy has a 1-year low of $16.00 and a 1-year high of $18.49. The stock’s 50-day moving average is $16. and its 200-day moving average is $16.. The company’s market cap is $2.0 million.

Otonomy, Inc is a clinical-stage biopharmaceutical company. The Company focused on the development and commercialization of therapeutics for the treatment of diseases and disorders of the ear.

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