Insider Selling: POZEN VP Unloads 4,293 Shares of Stock (POZN)
POZEN (NASDAQ:POZN) VP John E. Barnhardt sold 4,293 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $8.25, for a total transaction of $35,417.25. Following the completion of the transaction, the vice president now directly owns 42,321 shares in the company, valued at approximately $349,148. The sale was disclosed in a filing with the SEC, which is available at this link.
Separately, analysts at Ascendiant Capital Markets upgraded shares of POZEN from a “hold” rating to a “buy” rating in a research note on Friday, August 8th. They now have a $10.00 price target on the stock.
Shares of POZEN (NASDAQ:POZN) traded down 0.60% during mid-day trading on Wednesday, hitting $8.32. The stock had a trading volume of 135,147 shares. POZEN has a 52 week low of $5.01 and a 52 week high of $9.90. The stock has a 50-day moving average of $7.95 and a 200-day moving average of $8.3. The company’s market cap is $262.3 million.
POZEN (NASDAQ:POZN) last released its earnings data on Thursday, August 7th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. The company had revenue of $7.40 million for the quarter, compared to the consensus estimate of $7.10 million. During the same quarter in the previous year, the company posted ($0.13) earnings per share. The company’s revenue for the quarter was up 335.3% on a year-over-year basis. On average, analysts predict that POZEN will post $0.68 earnings per share for the current fiscal year.
POZEN Inc (NASDAQ:POZN), is a pharmaceutical company focused on transforming medicine.
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