Corium International, Inc. (CORI) Major Shareholder Sells $1,657,500.00 in Stock
Corium International, Inc. (NASDAQ:CORI) major shareholder Healthcare Master Fun Broadfin sold 150,000 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $11.05, for a total value of $1,657,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Healthcare Master Fun Broadfin also recently made the following trade(s):
- On Wednesday, October 4th, Healthcare Master Fun Broadfin sold 218,100 shares of Corium International stock. The shares were sold at an average price of $11.01, for a total value of $2,401,281.00.
Corium International, Inc. (NASDAQ CORI) traded up $0.71 during trading hours on Friday, hitting $11.21. The stock had a trading volume of 102,290 shares, compared to its average volume of 108,883.
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A number of hedge funds have recently modified their holdings of CORI. Bank of New York Mellon Corp grew its holdings in Corium International by 118.1% in the 1st quarter. Bank of New York Mellon Corp now owns 25,269 shares of the biopharmaceutical company’s stock worth $106,000 after buying an additional 13,683 shares in the last quarter. New York State Common Retirement Fund bought a new position in Corium International in the 2nd quarter worth approximately $158,000. California State Teachers Retirement System bought a new position in Corium International in the 2nd quarter worth approximately $263,000. Teachers Advisors LLC bought a new position in Corium International in the 2nd quarter worth approximately $272,000. Finally, TIAA CREF Investment Management LLC bought a new position in Corium International in the 2nd quarter worth approximately $411,000. 90.14% of the stock is owned by institutional investors and hedge funds.
Several analysts recently weighed in on the company. Zacks Investment Research raised Corium International from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Tuesday, October 3rd. Cantor Fitzgerald reissued a “buy” rating and issued a $12.00 price objective on shares of Corium International in a report on Wednesday, September 27th. HC Wainwright assumed coverage on Corium International in a report on Tuesday, September 26th. They issued a “buy” rating and a $15.00 price objective for the company. Needham & Company LLC reissued a “buy” rating and issued a $13.00 price objective on shares of Corium International in a report on Sunday, September 17th. Finally, Jefferies Group LLC set a $10.00 target price on Corium International and gave the company a “buy” rating in a report on Sunday, October 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. Corium International has an average rating of “Buy” and a consensus price target of $13.00.
About Corium International
Corium International, Inc is a commercial-stage biopharmaceutical company focused on the development, manufacture and commercialization of specialty pharmaceutical products. As of September 30, 2016, the Company had multiple programs in preclinical and clinical development focused primarily on the treatment of neurological disorders, with two lead programs in Alzheimer’s disease.
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