Puma Biotechnology Inc (NASDAQ:PBYI) was the recipient of unusually large options trading on Monday. Stock traders acquired 8,565 call options on the stock. This represents an increase of Infinity compared to the average volume of 0 call options.
Puma Biotechnology (NASDAQ:PBYI) opened at $100.70 on Thursday. Puma Biotechnology has a twelve month low of $28.35 and a twelve month high of $136.90.
Puma Biotechnology (NASDAQ:PBYI) last posted its earnings results on Thursday, November 9th. The biopharmaceutical company reported ($2.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.50) by $0.43. The company had revenue of $6.10 million during the quarter, compared to analyst estimates of $3.78 million. During the same quarter last year, the business posted ($1.11) EPS. equities analysts predict that Puma Biotechnology will post -8.36 EPS for the current fiscal year.
In related news, SVP Richard Paul Bryce sold 15,000 shares of the stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $120.00, for a total transaction of $1,800,000.00. Following the transaction, the senior vice president now directly owns 42,239 shares in the company, valued at $5,068,680. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 21.10% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Strs Ohio acquired a new stake in shares of Puma Biotechnology in the second quarter valued at about $122,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Puma Biotechnology in the second quarter valued at about $146,000. Kazazian Asset Management LLC acquired a new stake in shares of Puma Biotechnology in the second quarter valued at about $209,000. Teacher Retirement System of Texas acquired a new stake in shares of Puma Biotechnology in the second quarter valued at about $211,000. Finally, Ameritas Investment Partners Inc. grew its stake in shares of Puma Biotechnology by 5.9% in the second quarter. Ameritas Investment Partners Inc. now owns 2,522 shares of the biopharmaceutical company’s stock valued at $220,000 after buying an additional 140 shares in the last quarter. Institutional investors and hedge funds own 95.41% of the company’s stock.
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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 development and commercialization rights to over three drug candidates, including PB272 (neratinib (oral)), PB272 (neratinib (intravenous)) and PB357.
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