Anacor Pharmaceuticals, Inc. (ANAC) Files Form 4 Insider Selling : Graeme Bell Sells 751 Shares

Anacor Pharmaceuticals, Inc. (ANAC): Graeme Bell , Executive VP and CFO of Anacor Pharmaceuticals, Inc. sold 751 shares on Jun 1, 2016. The Insider selling transaction was reported by the company on Jun 3, 2016 to the Securities and Exchange Commission. The shares were sold at $99.28 per share for a total value of $74,559.28 , 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 24, 2016, Keith R Leonard (director) sold 9,000 shares at $99.70 per share price.On May 18, 2016, Anders D Hove (director) sold 353,881 shares at $99.65 per share price.Also, On Apr 29, 2016, Ryan T Sullivan (EVP and General Counsel) sold 3,125 shares at $66.33 per share price.On Mar 23, 2016, Paul L Berns (President and CEO) sold 37,500 shares at $60.17 per share price.

Anacor Pharmaceuticals Inc (ANAC) witnessed a volatile trading activity on Friday Jun 3, 2016 and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $99.28 and reached the intraday high at $99.423. The bulls started the profit booking and pushed the shares to intraday low of $99.19. The trading session was marked by a volume range of 34,90,850 shares exchanging hands. The 52-week high of the shares is $156.925 and the 52-week low is $52. The market cap of the company stands at $4,505 M and there are 4,53,66,886 shares in public circulation.

Anacor Pharmaceuticals Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Anacor Pharmaceuticals Inc is Downgraded by Mizuho to Neutral and the brokerage firm has set the Price Target at $99.25. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on May 18, 2016.Anacor Pharmaceuticals Inc is Reiterated by Wedbush to Outperform while Lowering the Price Target of the company shares to $ 148 from a previous price target of $152 . The Rating was issued on May 3, 2016.Anacor Pharmaceuticals Inc is Initiated by Mizuho to Buy and the brokerage firm has set the Price Target at $103. The Rating was issued on Mar 11, 2016.

Anacor Pharmaceuticals Inc. is a biopharmaceutical company. The Company is focused on discovering developing and commercializing small-molecule therapeutics derived from its boron chemistry platform. The Company’s lead product candidate AN2728 is an investigational non-steroidal topical PDE-4 inhibitor in development for the potential treatment of mild-to-moderate atopic dermatitis and psoriasis. The Company’s product KERYDIN (tavaborole) topical solution is an oxaborole antifungal. The Company also has a pipeline of other internally discovered topical and systemic boron-based compounds in early stages of research and development which include AN3365. The Company’s compound AN5568 (SCYX-7158) is licensed to Drugs for Neglected Diseases initiative (DNDi) for the potential treatment of human African trypanosomiasis (sleeping sickness).

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