Insider Selling: Otonomy Director Unloads 50,001 Shares of Stock (OTIC)
Otonomy (NASDAQ:OTIC) Director Jay Lichter unloaded 50,001 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $16.00, for a total transaction of $800,016.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Otonomy (NASDAQ:OTIC) traded up 0.69% during mid-day trading on Thursday, hitting $16.10. The stock had a trading volume of 121,880 shares. Otonomy has a 1-year low of $15.19 and a 1-year high of $18.49. The stock has a 50-day moving average of $16.31 and a 200-day moving average of $16.31. 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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