Tetraphase Pharmaceuticals Inc (NASDAQ:TTPH) was the recipient of unusually large options trading activity on Tuesday. Stock traders acquired 1,434 put options on the company. This represents an increase of approximately 2,461% compared to the average volume of 56 put options.
Shares of Tetraphase Pharmaceuticals (NASDAQ TTPH) opened at $5.23 on Friday. The company has a market cap of $268.90, a price-to-earnings ratio of -1.82 and a beta of 2.28. Tetraphase Pharmaceuticals has a 52-week low of $4.09 and a 52-week high of $9.93.
In other news, Director L Patrick Gage purchased 3,880 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were bought at an average price of $6.45 per share, for a total transaction of $25,026.00. Following the completion of the transaction, the director now owns 38,880 shares in the company, valued at $250,776. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jacques Dumas sold 8,750 shares of the firm’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $6.22, for a total transaction of $54,425.00. Following the sale, the insider now owns 8,750 shares in the company, valued at approximately $54,425. The disclosure for this sale can be found here. 5.50% of the stock is owned by corporate insiders.
Several research firms recently commented on TTPH. BidaskClub lowered shares of Tetraphase Pharmaceuticals from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Zacks Investment Research lowered shares of Tetraphase Pharmaceuticals from a “hold” rating to a “sell” rating in a research report on Saturday, November 4th. ValuEngine lowered shares of Tetraphase Pharmaceuticals from a “sell” rating to a “strong sell” rating in a research report on Friday, December 1st. Finally, HC Wainwright raised their price target on shares of Tetraphase Pharmaceuticals from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $15.15.
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Tetraphase Pharmaceuticals Company Profile
Tetraphase Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company uses its chemistry technology to create antibiotics for multidrug-resistant infections. The Company is developing its lead product candidate, eravacycline, a fully synthetic tetracycline derivative, as a spectrum intravenous (IV) and oral antibiotic for use as a first-line empiric monotherapy for the treatment of multidrug-resistant infections, including multidrug-resistant gram-negative infections.
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