Zogenix, Inc. (ZGNX) Director Sells $436,724.94 in Stock
Zogenix, Inc. (NASDAQ:ZGNX) Director Roger Hawley sold 11,797 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $37.02, for a total value of $436,724.94. Following the transaction, the director now directly owns 105,575 shares of the company’s stock, valued at approximately $3,908,386.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Roger Hawley also recently made the following trade(s):
- On Monday, December 11th, Roger Hawley sold 63,203 shares of Zogenix stock. The stock was sold at an average price of $36.84, for a total value of $2,328,398.52.
Shares of Zogenix, Inc. (NASDAQ:ZGNX) traded up $0.35 during mid-day trading on Monday, reaching $37.05. The company’s stock had a trading volume of 632,811 shares, compared to its average volume of 670,900. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.23. Zogenix, Inc. has a 12-month low of $7.70 and a 12-month high of $42.60.
A number of hedge funds have recently made changes to their positions in ZGNX. VHCP Management II LLC bought a new stake in Zogenix in the third quarter valued at approximately $31,792,000. JPMorgan Chase & Co. raised its holdings in shares of Zogenix by 1,794.4% during the second quarter. JPMorgan Chase & Co. now owns 286,299 shares of the company’s stock valued at $4,152,000 after acquiring an additional 271,186 shares in the last quarter. Broadfin Capital LLC bought a new position in shares of Zogenix during the second quarter valued at approximately $3,806,000. Perceptive Advisors LLC raised its holdings in shares of Zogenix by 6.4% during the third quarter. Perceptive Advisors LLC now owns 3,670,357 shares of the company’s stock valued at $128,646,000 after acquiring an additional 222,055 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Zogenix by 89.4% during the first quarter. Dimensional Fund Advisors LP now owns 410,641 shares of the company’s stock valued at $4,455,000 after acquiring an additional 193,827 shares in the last quarter. Hedge funds and other institutional investors own 73.43% of the company’s stock.
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Zogenix, Inc is a pharmaceutical company engaged in developing and commercializing central nervous system (CNS) therapies that address specific clinical needs for people living with orphan and other CNS disorders. Its primary area of therapeutic focus is epilepsy and related seizure disorders. Its lead product candidate, ZX008, is a low-dose fenfluramine for the treatment of seizures associated with Dravet syndrome.
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