Catalyst Pharmaceuticals, Inc. (CPRX) Stock Price Up 7.9%

Catalyst Pharmaceuticals, Inc. (NASDAQ:CPRX) shares rose 7.9% during mid-day trading on Tuesday . The stock traded as high as $2.90 and last traded at $2.86. Approximately 1,728,167 shares changed hands during mid-day trading, an increase of 205% from the average daily volume of 567,163 shares. The stock had previously closed at $2.65.

CPRX has been the subject of several research reports. Zacks Investment Research lowered shares of Catalyst Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Piper Jaffray Companies set a $6.00 target price on shares of Catalyst Pharmaceuticals and gave the stock a “buy” rating in a research report on Monday, August 7th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $5.00 target price on shares of Catalyst Pharmaceuticals in a research report on Tuesday, September 5th. Finally, Roth Capital set a $5.00 target price on shares of Catalyst Pharmaceuticals and gave the stock a “buy” rating in a research report on Thursday, August 10th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $5.50.

The stock’s 50 day moving average is $2.60 and its 200-day moving average is $2.50. The firm’s market capitalization is $241.82 million.

Catalyst Pharmaceuticals (NASDAQ:CPRX) last issued its quarterly earnings data on Wednesday, August 9th. The biopharmaceutical company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. Equities research analysts anticipate that Catalyst Pharmaceuticals, Inc. will post ($0.23) EPS for the current year.

In other Catalyst Pharmaceuticals news, insider Patrick J. Mcenany acquired 20,000 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was acquired at an average cost of $2.58 per share, with a total value of $51,600.00. Following the purchase, the insider now directly owns 4,471,026 shares of the company’s stock, valued at approximately $11,535,247.08. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 8.79% of the company’s stock.

Large investors have recently modified their holdings of the business. Nationwide Fund Advisors purchased a new position in shares of Catalyst Pharmaceuticals in the 2nd quarter worth $111,000. New York State Common Retirement Fund purchased a new position in shares of Catalyst Pharmaceuticals in the 2nd quarter worth $114,000. Bank of New York Mellon Corp grew its stake in shares of Catalyst Pharmaceuticals by 3.6% in the 1st quarter. Bank of New York Mellon Corp now owns 69,176 shares of the biopharmaceutical company’s stock worth $135,000 after buying an additional 2,404 shares in the last quarter. State of Wisconsin Investment Board purchased a new position in shares of Catalyst Pharmaceuticals during the 2nd quarter worth about $149,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of Catalyst Pharmaceuticals during the 1st quarter worth about $155,000. 40.10% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: This news story was first posted by Community Financial News and is the property of of Community Financial News. If you are viewing this news story on another site, it was copied illegally and reposted in violation of international copyright & trademark law. The correct version of this news story can be read at https://www.com-unik.info/2017/10/31/catalyst-pharmaceuticals-inc-cprx-stock-price-up-7-9.html.

Catalyst Pharmaceuticals Company Profile

Catalyst Pharmaceuticals, Inc, formerly Catalyst Pharmaceutical Partners, Inc, is a development-stage biopharmaceutical company. The Company is focused on developing and commercializing therapies for people with rare debilitating diseases. The Company has three drugs in development: Firdapse, CPP-109 and CPP-115.

What are top analysts saying about Catalyst Pharmaceuticals Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Catalyst Pharmaceuticals Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit