Acceleron Pharma Inc. (NASDAQ:XLRN) was the recipient of unusually large options trading activity on Thursday. Traders bought 1,518 put options on the company. This is an increase of approximately 1,751% compared to the typical volume of 82 put options.
In other news, Director Joseph S. Zakrzewski sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, April 5th. The stock was sold at an average price of $140.73, for a total value of $1,407,300.00. Following the completion of the transaction, the director now owns 44,499 shares of the company’s stock, valued at $6,262,344.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas A. Mccourt sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, April 19th. The shares were sold at an average price of $119.26, for a total value of $894,450.00. Following the completion of the transaction, the director now directly owns 13,544 shares of the company’s stock, valued at approximately $1,615,257.44. The disclosure for this sale can be found here. Insiders sold 27,500 shares of company stock valued at $3,648,150 in the last three months. Company insiders own 2.50% of the company’s stock.
Large investors have recently modified their holdings of the business. State of Alaska Department of Revenue lifted its stake in Acceleron Pharma by 20.3% during the 1st quarter. State of Alaska Department of Revenue now owns 576 shares of the biopharmaceutical company’s stock valued at $78,000 after acquiring an additional 97 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of Acceleron Pharma during the 4th quarter worth $76,000. Canada Pension Plan Investment Board bought a new stake in shares of Acceleron Pharma during the 4th quarter worth $85,000. Chiron Capital Management LLC bought a new stake in shares of Acceleron Pharma during the 3rd quarter worth $84,000. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Acceleron Pharma during the 4th quarter worth $106,000. Institutional investors and hedge funds own 79.78% of the company’s stock.
Shares of XLRN opened at $122.30 on Friday. Acceleron Pharma has a 12-month low of $85.32 and a 12-month high of $146.15. The business’s fifty day moving average is $131.72 and its 200 day moving average is $124.00. The stock has a market cap of $7.41 billion, a P/E ratio of -47.22 and a beta of 0.59.
Acceleron Pharma (NASDAQ:XLRN) last issued its quarterly earnings data on Thursday, February 25th. The biopharmaceutical company reported ($0.95) earnings per share for the quarter, missing the consensus estimate of ($0.66) by ($0.29). Acceleron Pharma had a negative net margin of 157.84% and a negative return on equity of 31.62%. The company had revenue of $25.87 million for the quarter, compared to the consensus estimate of $25.68 million. Analysts anticipate that Acceleron Pharma will post -2.47 earnings per share for the current fiscal year.
Acceleron Pharma Company Profile
Acceleron Pharma Inc, a biopharmaceutical company, focuses on the discovery, development, and commercialization of therapeutics to treat serious and rare diseases. It offers REBLOZYL (luspatercept-aamt), a first-in-class erythroid maturation agent, for the treatment of anemia in adult patients with beta-thalassemia and transfusion-dependent anemia.
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