Insider Buying: Marc Steven Hanover Buys 10,000 Shares of GTx Stock (GTXI)
GTx (NASDAQ:GTXI) CEO Marc Steven Hanover purchased 10,000 shares of the stock in a transaction dated Tuesday, August 19th. The stock was purchased at an average cost of $1.01 per share, for a total transaction of $10,100.00. Following the completion of the transaction, the chief executive officer now directly owns 178,138 shares in the company, valued at approximately $179,919. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
GTx (NASDAQ:GTXI) traded down 0.98% on Wednesday, hitting $1.01. The stock had a trading volume of 59,092 shares. GTx has a 52-week low of $0.81 and a 52-week high of $2.36. The stock’s 50-day moving average is $1.21 and its 200-day moving average is $1.45. The company’s market cap is $76.8 million.
GTx (NASDAQ:GTXI) last issued its quarterly earnings data on Tuesday, August 5th. The company reported ($0.15) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.12) by $0.03. During the same quarter in the previous year, the company posted ($0.20) earnings per share. On average, analysts predict that GTx will post $-0.48 earnings per share for the current fiscal year.
GTx, Inc is a biopharmaceutical company. The Company is developing selective androgen receptor modulators (NASDAQ:GTXI) , a drugs with the potential to prevents and treat muscle wasting in patients with cancer and other musculoskeletal wasting or muscle loss conditions, including chronic sarcopenia (age related muscle loss).
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