Spark Therapeutics, Inc. (ONCE) Files Form 4 Insider Selling : Hospital Of Philade Children’s Sells 1,000,000 Shares

Spark Therapeutics, Inc. (ONCE): Hospital Of Philade Children’s , 10% owner of Spark Therapeutics, Inc. sold 1,000,000 shares on Jun 20, 2016. The Insider selling transaction was reported by the company on Jun 22, 2016 to the Securities and Exchange Commission. The shares were sold at $42.30 per share for a total value of $423 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 22, 2016, Hospital Of Philade Children’s (10% owner) sold 1,000,000 shares at $42.30 per share price.On Jun 16, 2016, Jeffrey D Marrazzo (Chief Executive Officer) sold 5,000 shares at $47.26 per share price.Also, On Jun 2, 2016, Anand Mehra (director) sold 500 shares at $60.00 per share price.On May 27, 2016, Katherine A High (director officer ) sold 10,000 shares at $54.00 per share price.

Spark Therapeutics Inc: On Monday, Jun 20, 2016 heightened volatility was witnessed in Spark Therapeutics Inc which led to swings in the share price. The shares opened for trading at $46.59 and hit $47.64 on the upside , eventually ending the session at $46.25, with a gain of 1.07% or 0.49 points. The heightened volatility saw the trading volume jump to 4,75,012 shares. The 52-week high of the share price is $71.7499 and the company has a market cap of $1,267 M . The 52-week low of the share price is at $21.2.

Spark Therapeutics Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Spark Therapeutics Inc is Reiterated by SunTrust to Buy and the brokerage firm has raised the Price Target to $ 72 from a previous price target of $64 .The Rating was issued on Jun 21, 2016.Spark Therapeutics Inc is Initiated by Cantor Fitzgerald to Buy and the brokerage firm has set the Price Target at $100. The Rating was issued on Jun 3, 2016.Spark Therapeutics Inc is Initiated by Jefferies to Hold. The Rating was issued on Jun 2, 2016.Spark Therapeutics Inc is Initiated by Wedbush to Underperform and the brokerage firm has set the Price Target at $21. The Rating was issued on Mar 31, 2016.Spark Therapeutics Inc is Initiated by Goldman to Neutral. The Rating was issued on Mar 30, 2016.

Spark Therapeutics Inc. (Spark) is engaged in developing products in the field of gene therapy. Spark’s product candidate SPK-RPE65 which is in Phase III clinical trial stage targets a group of rare blinding conditions known as inherited retinal dystrophies (IRDs) caused by non-sex linked or autosomal recessive mutations in the RPE65 gene. Spark is also developing various follow-on product candidates targeting other IRDs including SPK-CHM for the treatment of choroideremia (CHM). SPK-CHM is in Phase I/II dose-escalating clinical trial stage. The Company’s product development portfolio includes product candidates targeting expression of genes in the liver with a focus on hematologic disorders. The Company is also engaged in the development and commercialization of product candidates in its SPK-FIX program for the treatment of hemophilia B. Spark also has preclinical programs in development for the treatment of hemophilia A and neurodegenerative diseases.

Leave a Reply

Spark Therapeutics Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Spark Therapeutics Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.