Recro Pharma, Inc. (REPH) Major Shareholder Sells $2,132,661.28 in Stock
Recro Pharma, Inc. (NASDAQ:REPH) major shareholder Healthcare Master Fun Broadfin sold 222,616 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $9.58, for a total value of $2,132,661.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Healthcare Master Fun Broadfin also recently made the following trade(s):
- On Tuesday, November 28th, Healthcare Master Fun Broadfin sold 47,549 shares of Recro Pharma stock. The shares were sold at an average price of $9.64, for a total value of $458,372.36.
- On Tuesday, November 21st, Healthcare Master Fun Broadfin sold 102,440 shares of Recro Pharma stock. The shares were sold at an average price of $9.50, for a total value of $973,180.00.
- On Friday, November 24th, Healthcare Master Fun Broadfin sold 172,208 shares of Recro Pharma stock. The stock was sold at an average price of $9.45, for a total value of $1,627,365.60.
Recro Pharma, Inc. (REPH) traded down $0.04 during trading hours on Thursday, hitting $9.64. The stock had a trading volume of 225,226 shares, compared to its average volume of 119,135. Recro Pharma, Inc. has a fifty-two week low of $5.81 and a fifty-two week high of $9.90. The company has a current ratio of 1.59, a quick ratio of 1.35 and a debt-to-equity ratio of 0.50.
REPH has been the subject of a number of research reports. Zacks Investment Research lowered Recro Pharma from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Piper Jaffray Companies reiterated a “buy” rating and issued a $11.00 price target on shares of Recro Pharma in a report on Friday, October 27th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $11.65.
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About Recro Pharma
Recro Pharma, Inc is a clinical-stage specialty pharmaceutical company. The Company is engaged in developing products for hospitals and ambulatory care settings that is developing non-opioid products for treatment of serious acute pain. The Company’s lead product candidate is an injectable form of meloxicam.
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