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Cumberland Pharmaceuticals (NASDAQ:CPIX) Director Thomas R. Lawrence sold 15,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $5.08, for a total value of $76,200.00. Following the sale, the director now directly owns 65,381 shares in the company, valued at approximately $332,135. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of Cumberland Pharmaceuticals (NASDAQ:CPIX) traded up 2.39% on Friday, hitting $5.15. The stock had a trading volume of 40,322 shares. Cumberland Pharmaceuticals has a 52-week low of $4.20 and a 52-week high of $5.41. The stock has a 50-day moving average of $4.6 and a 200-day moving average of $4.57. The company’s market cap is $90.5 million.

Cumberland Pharmaceuticals Inc (NASDAQ:CPIX) is specialty pharmaceutical company focused on the acquisition, development and commercialization of branded prescription products.

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