Insider Buying: Ignyta CFO Buys 1,840 Shares of Stock (RXDX)
Ignyta (NASDAQ:RXDX) CFO Jacob Chacko acquired 1,840 shares of the stock on the open market in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average cost of $7.53 per share, for a total transaction of $13,855.20. Following the purchase, the chief financial officer now directly owns 1,840 shares of the company’s stock, valued at approximately $13,855. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Ignyta (NASDAQ:RXDX) traded down 0.79% during mid-day trading on Thursday, hitting $7.52. The stock had a trading volume of 8,065 shares. Ignyta has a 52-week low of $5.36 and a 52-week high of $20.00. The stock has a 50-day moving average of $8.34 and a 200-day moving average of $8.87. The company’s market cap is $147.2 million.
Ignyta (NASDAQ:RXDX) last issued its quarterly earnings data on Tuesday, August 12th. The company reported ($0.28) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.26) by $0.02. Analysts expect that Ignyta will post $-1.50 EPS for the current fiscal year.
Ignyta, Inc is a development-stage biopharmaceutical company. The Company is focused on discovering or acquiring, then developing and commercializing targeted drugs for cancer patients whose tumors harbor specific molecular alterations.
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