Aralez Pharmaceuticals Inc. (ARLZ) Files Form 4 Insider Buying : Scott J Charles Buys 50,000 Shares

Aralez Pharmaceuticals Inc. (ARLZ): Scott J Charles , CFO of Aralez Pharmaceuticals Inc. purchased 50,000 shares on May 12, 2016. The Insider buying transaction was reported by the company on May 16, 2016 to the Securities and Exchange Commission. The shares were purchased at $3.49 per share for a total value of $174,495.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 16, 2016, Arthur S Kirsch (director) purchased 27,500 shares at $3.49 per share price.On May 13, 2016, Andrew I Koven (President & Chief Business Off) purchased 71,500 shares at $3.49 per share price.Also, On Apr 7, 2016, Inc/bc Qlt (10% owner) sold 2,400,000 shares at $6.25 per share price.

Company has been under the radar of several Street Analysts. is Reiterated by Chardan Capital Markets to Buy while Lowering the Price Target of the company shares to $ 10 from a previous price target of $15.50 . The Rating was issued on Mar 16, 2016.

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