Amicus Therapeutics Trading Down 3.2% After Insider Selling (FOLD)
Amicus Therapeutics (NASDAQ:FOLD) shares fell 3.2% during trading on Friday after an insider sold shares in the company, AnalystRatings.NET reports. The stock traded as low as $6.89 and last traded at $7.04, with a volume of 4,467,042 shares traded. The stock had previously closed at $7.27.
Specifically, Director Glenn Sblendorio sold 10,000 shares of Amicus Therapeutics stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $6.50, for a total transaction of $65,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
FOLD has been the subject of a number of recent research reports. 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.
The stock’s 50-day moving average is $4.53 and its 200-day moving average is $2.99. The company’s market cap is $565.9 million.
Amicus Therapeutics (NASDAQ:FOLD) last posted its quarterly 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. On average, analysts predict that Amicus Therapeutics will post $-0.94 earnings per share for the current fiscal year.
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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