Insider Buying: Jonathan E. Lim Acquires 5,000 Shares of Ignyta Stock (RXDX)
Ignyta (NASDAQ:RXDX) CEO Jonathan E. Lim bought 5,000 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were purchased at an average cost of $7.60 per share, for a total transaction of $38,000.00. Following the completion of the purchase, the chief executive officer now directly owns 5,000 shares in the company, valued at approximately $38,000. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
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 posted its quarterly earnings results on Tuesday, August 12th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the 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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