GTx CEO Marc Steven Hanover Acquires 20,000 Shares (GTXI)
GTx (NASDAQ:GTXI) CEO Marc Steven Hanover acquired 20,000 shares of the stock on the open market in a transaction dated Thursday, August 21st. The shares were purchased at an average price of $1.00 per share, for a total transaction of $20,000.00. Following the completion of the transaction, the chief executive officer now directly owns 198,138 shares of the company’s stock, valued at approximately $198,138. The transaction was disclosed in a document filed with the SEC, which is available at this link.
GTx (NASDAQ:GTXI) traded up 2.05% during mid-day trading on Friday, hitting $0.99. 40,700 shares of the company’s stock traded hands. GTx has a 1-year low of $0.81 and a 1-year high of $2.36. The stock’s 50-day moving average is $1.19 and its 200-day moving average is $1.44. The company’s market cap is $75.3 million.
GTx (NASDAQ:GTXI) last announced its earnings results on Tuesday, August 5th. The company reported ($0.15) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.12) by $0.03. During the same quarter in the prior 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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