CymaBay Therapeutics Inc (CBAY) Director Sells $105,308.50 in Stock

CymaBay Therapeutics Inc (NASDAQ:CBAY) Director Carl Goldfischer sold 11,675 shares of CymaBay Therapeutics stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of $9.02, for a total value of $105,308.50. Following the sale, the director now owns 2,335 shares of the company’s stock, valued at approximately $21,061.70. The transaction was disclosed in a document filed with the SEC, which is available at this link.

CymaBay Therapeutics stock opened at $9.27 on Monday. CymaBay Therapeutics Inc has a 52 week low of $6.31 and a 52 week high of $15.59.

A number of analysts recently commented on CBAY shares. Zacks Investment Research cut CymaBay Therapeutics from a “hold” rating to a “sell” rating in a research report on Monday, October 15th. BidaskClub upgraded CymaBay Therapeutics from a “sell” rating to a “hold” rating in a research report on Friday, November 2nd. Cantor Fitzgerald set a $17.00 price objective on CymaBay Therapeutics and gave the stock a “buy” rating in a research report on Wednesday, November 7th. Oppenheimer set a $18.00 price objective on CymaBay Therapeutics and gave the stock a “buy” rating in a research report on Wednesday, November 7th. Finally, HC Wainwright reiterated a “buy” rating on shares of CymaBay Therapeutics in a research report on Monday, November 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $18.89.



Institutional investors and hedge funds have recently bought and sold shares of the business. Pearl River Capital LLC purchased a new stake in CymaBay Therapeutics in the 4th quarter valued at about $74,000. PNC Financial Services Group Inc. grew its holdings in CymaBay Therapeutics by 23.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,120 shares of the biopharmaceutical company’s stock valued at $104,000 after buying an additional 2,460 shares during the period. Legal & General Group Plc purchased a new stake in CymaBay Therapeutics in the 2nd quarter valued at about $134,000. Virtu Financial LLC purchased a new stake in CymaBay Therapeutics in the 3rd quarter valued at about $219,000. Finally, HRT Financial LLC purchased a new stake in CymaBay Therapeutics in the 3rd quarter valued at about $273,000. Institutional investors own 95.14% of the company’s stock.

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About CymaBay Therapeutics

CymaBay Therapeutics, Inc, a clinical-stage biopharmaceutical company, focuses on developing and providing therapies to treat liver and other chronic diseases. Its lead product candidate is seladelpar, a selective agonist of peroxisome proliferator-activated receptor delta, which has completed Phase II clinical study for the treatment of primary biliary cholangitis, as well as patients with nonalcoholic steatohepatitis.

See Also: Systematic Risk

Insider Buying and Selling by Quarter for CymaBay Therapeutics (NASDAQ:CBAY)

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