POZEN Shares Down 3.5% on Insider Selling (POZN)
POZEN (NASDAQ:POZN) dropped 3.5% during mid-day trading on Thursday after an insider sold shares in the company, American Banking and Market News reports. The stock traded as low as $7.98 and last traded at $8.03, with a volume of 105,382 shares traded. The stock had previously closed at $8.32.
Specifically, VP John E. Barnhardt unloaded 4,293 shares of POZEN stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $8.25, for a total value of $35,417.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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.
The stock’s 50-day moving average is $7.93 and its 200-day moving average is $8.3. The company’s market cap is $253.2 million.
POZEN (NASDAQ:POZN) last released its earnings data on Thursday, August 7th. The company reported $0.09 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted ($0.13) earnings per share. The company’s quarterly revenue was up 335.3% on a year-over-year basis. Analysts expect that POZEN will post $0.68 EPS for the current fiscal year.
POZEN Inc (NASDAQ:POZN), is a pharmaceutical company focused on transforming medicine.
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