Amicus Therapeutics VP Unloads $30,000 in Stock (FOLD)
Amicus Therapeutics (NASDAQ:FOLD) VP Jayne Gershkowitz unloaded 5,000 shares of the stock on the open market in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $6.00, for a total value of $30,000.00. Following the transaction, the vice president now directly owns 50,000 shares in the company, valued at approximately $300,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Amicus Therapeutics (NASDAQ:FOLD) traded up 3.16% during mid-day trading on Tuesday, hitting $6.20. 2,700,872 shares of the company’s stock traded hands. Amicus Therapeutics has a 1-year low of $1.77 and a 1-year high of $6.28. The stock’s 50-day moving average is $4.35 and its 200-day moving average is $2.93. The company’s market cap is $487.9 million.
Amicus Therapeutics (NASDAQ:FOLD) last announced its earnings results on Thursday, August 7th. The company reported ($0.31) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.23) by $0.08. Analysts expect that Amicus Therapeutics will post $-0.94 EPS for the current fiscal year.
A number of analysts have recently weighed in on FOLD shares. Analysts at Cowen and Company raised their price target on shares of Amicus Therapeutics to $14.00 in a research note on Wednesday, August 20th. Separately, analysts at Janney Montgomery Scott upgraded shares of Amicus Therapeutics from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 1st. They now have a $5.00 price target on the stock, up previously from $2.50. Finally, analysts at Leerink Swann upgraded shares of Amicus Therapeutics from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 1st. They now have a $6.00 price target on the stock, up previously from $2.50.
Amicus Therapeutics, Inc (NASDAQ:FOLD) is a United States-based biopharmaceutical company focused on the discovery, development and commercialization of orally administered, small molecule drugs known as pharmacological chaperones for treating a range of diseases, including lysosomal storage diseases and diseases of neurodegeneration.
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