StemCell Therapy

Puma Biotechnology Inc (NYSE:PBYI) insider Robert Charnas sold 3,008 shares of Puma Biotechnology stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $31.83, for a total transaction of $95,744.64. Following the completion of the sale, the insider now directly owns 28,461 shares in the company, valued at approximately $905,913.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Puma Biotechnology Inc (NYSE:PBYI) traded up 0.75% during trading on Thursday, reaching $33.45. 527,529 shares of the company traded hands. The companys 50-day moving average price is $33.44 and its 200-day moving average price is $45.94. Puma Biotechnology Inc has a 52 week low of $19.74 and a 52 week high of $73.27. The companys market capitalization is $1.23 billion.

PBYI has been the topic of several research reports. J P Morgan Chase & Co set a $89.00 price objective on shares of Puma Biotechnology and gave the stock a buy rating in a research report on Monday, November 14th. Citigroup Inc. set a $88.00 price objective on shares of Puma Biotechnology and gave the stock a buy rating in a research report on Monday, November 14th. Stifel Nicolaus reaffirmed a buy rating and issued a $88.00 price objective on shares of Puma Biotechnology in a research report on Thursday, November 10th. Zacks Investment Research lowered shares of Puma Biotechnology from a buy rating to a hold rating in a research report on Tuesday, January 10th. Finally, Cowen and Company reaffirmed a market perform rating on shares of Puma Biotechnology in a research report on Tuesday, November 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the companys stock. Puma Biotechnology currently has a consensus rating of Hold and a consensus price target of $68.56.

A number of institutional investors have recently bought and sold shares of PBYI. Redmile Group LLC bought a new position in Puma Biotechnology during the third quarter valued at about $44,406,000. Janus Capital Management LLC boosted its position in Puma Biotechnology by 30.6% in the second quarter. Janus Capital Management LLC now owns 2,540,331 shares of the biopharmaceutical companys stock valued at $75,675,000 after buying an additional 594,821 shares in the last quarter. EverPoint Asset Management LLC bought a new position in Puma Biotechnology during the second quarter valued at about $13,406,000. BlackRock Fund Advisors boosted its position in Puma Biotechnology by 160.7% in the second quarter. BlackRock Fund Advisors now owns 602,071 shares of the biopharmaceutical companys stock valued at $17,936,000 after buying an additional 371,151 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its position in Puma Biotechnology by 22.3% in the second quarter. Point72 Asset Management L.P. now owns 1,415,800 shares of the biopharmaceutical companys stock valued at $42,177,000 after buying an additional 258,100 shares in the last quarter. Institutional investors and hedge funds own 80.98% of the companys stock.

About Puma Biotechnology

Puma Biotechnology, Inc is a biopharmaceutical company that focuses on the development and commercialization of products for the treatment of cancer. The Company focuses on in-licensing the global development and commercialization rights to over three drug candidates, including PB272 (neratinib (oral)), which the Company is developing for the treatment of patients with human epidermal growth factor receptor type 2 (HER2), positive breast cancer, and patients with non-small cell lung cancer, breast cancer and other solid tumors that have a HER2 mutation; PB272 (neratinib (intravenous)), which the Company is developing for the treatment of patients with advanced cancer, and PB357, which is an orally administered agent.

Read this article:
The Puma Biotechnology Inc (PBYI) Insider Sells $95744.64 in Stock - DailyQuint

This entry was posted on February 7, 2017 at 2:51 am and is filed under Biotechnology. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed. |