Bros. Advisors Lp Baker Purchases 885,000 Shares of Rhythm Pharmaceuticals Inc (RYTM) Stock
Rhythm Pharmaceuticals Inc (NASDAQ:RYTM) insider Bros. Advisors Lp Baker bought 885,000 shares of the company’s stock in a transaction on Thursday, October 5th. The shares were acquired at an average cost of $17.00 per share, for a total transaction of $15,045,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Rhythm Pharmaceuticals Inc (NASDAQ:RYTM) traded down 15.83% during mid-day trading on Friday, hitting $25.25. 2,164,741 shares of the company’s stock were exchanged. Rhythm Pharmaceuticals Inc has a 52 week low of $23.82 and a 52 week high of $30.55.
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Rhythm Pharmaceuticals Company Profile
Rhythm Pharmaceuticals, Inc is a biopharmaceutical company. The Company is focused on the development and commercialization of peptide therapeutics for the treatment of rare genetic deficiencies that result in life-threatening metabolic disorders. The Company’s lead peptide product candidate is setmelanotide, a potent, first-in-class melanocortin-4 receptor, or MC4R, agonist for the treatment of rare genetic disorders of obesity.
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