Ignyta’s Lock-Up Period Will Expire on September 10th (NASDAQ:RXDX)
Ignyta’s (NASDAQ:RXDX) lock-up period will expire on Wednesday, September 10th. Ignyta had issued 5,245,000 shares in its public offering on March 14th, StockRatingsNetwork.com reports. The total size of the offering was $47,991,750 based on an initial share price of $9.15. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.
Ignyta (NASDAQ:RXDX) remained flat at $7.4919 during during mid-day trading trading on Friday. Ignyta has a one year low of $5.36 and a one year high of $20.00. The stock’s 50-day moving average is $7.87 and its 200-day moving average is $8.15. The company’s market cap is $146.7 million.
Ignyta (NASDAQ:RXDX) last released its earnings data on Tuesday, August 12th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.26) by $0.02.
Ignyta, Inc is a development-stage biopharmaceutical company. The Company is focused on discovering or acquiring, then developing and commercializing targeted drugs for cancer patients whose tumors harbor specific molecular alterations.
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