Intrexon Corporation (XON) Major Shareholder Purchases $2,100,000.21 in Stock
Intrexon Corporation (NYSE:XON) major shareholder Randal J. Kirk bought 2,727,273 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were bought at an average cost of $0.77 per share, for a total transaction of $2,100,000.21. The acquisition was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Intrexon Corporation (NYSE:XON) traded up $0.46 on Wednesday, reaching $13.19. The company had a trading volume of 970,871 shares, compared to its average volume of 1,136,284. Intrexon Corporation has a one year low of $10.26 and a one year high of $29.39. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.05 and a quick ratio of 1.85.
Hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC lifted its holdings in shares of Intrexon by 2,031.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,180 shares of the biotechnology company’s stock worth $125,000 after buying an additional 4,937 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in shares of Intrexon in the 3rd quarter worth $121,000. Federated Investors Inc. PA purchased a new stake in shares of Intrexon in the 2nd quarter worth $172,000. SG Americas Securities LLC purchased a new stake in shares of Intrexon in the 3rd quarter worth $139,000. Finally, Principal Financial Group Inc. purchased a new stake in shares of Intrexon in the 2nd quarter worth $212,000. Institutional investors and hedge funds own 77.49% of the company’s stock.
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Intrexon Corporation (Intrexon) forms collaborations to create biologically-based products and processes using synthetic biology. The Company’s domestic operations are in California, Florida, Maryland, and Virginia, and its primary international operations are in Belgium and Hungary. The Company designs, builds and regulates gene programs, which are deoxyribonucleic acid (DNA) sequences that consist of genetic components.
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