Ariad Pharmaceuticals Inc (ARIA) Files Form 4 Insider Selling : Timothy P Clackson Sells 8,750 Shares

Ariad Pharmaceuticals Inc (ARIA): Timothy P Clackson , President, R&D, CSO of Ariad Pharmaceuticals Inc sold 8,750 shares on Sep 28, 2016. The Insider selling transaction was reported by the company on Sep 28, 2016 to the Securities and Exchange Commission. The shares were sold at $13.98 per share for a total value of $122,311.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 23, 2016, Timothy P Clackson (President, R&D, CSO) sold 20,000 shares at $13.43 per share price.On Jun 29, 2016, Hugh M Cole (SVP, Chief Business Officer) sold 6,012 shares at $7.05 per share price.Also, On Jun 15, 2016, Athanese Lavidas (director) sold 76,250 shares at $8.20 per share price.On Jun 14, 2016, Massimo Radaelli (director) sold 108,569 shares at $8.23 per share price.

Shares of Ariad Pharmaceuticals (ARIA) ended Tuesday, Sep 27, 2016 session in red amid volatile trading. The shares closed down -0.01 points or -0.07% at $13.95 with 68,69,062 shares getting traded. Post opening the session at $14.14, the shares hit an intraday low of $13.785 and an intraday high of $14.25 and the price vacillated in this range throughout the day. The company has a market cap of $2,688 M and the number of outstanding shares has been calculated to be 19,27,13,140 shares. The 52-week high of Ariad Pharmaceuticals is $14.25 and the 52-week low is $4.37.

Ariad Pharmaceuticals Money Flow Index Chart

Company has been under the radar of several Street Analysts.Ariad Pharmaceuticals is Initiated by Leerink Partners to Outperform and the brokerage firm has set the Price Target at $20. The Rating was issued on Sep 26, 2016.

ARIAD Pharmaceuticals Inc. is a global oncology company. The Company is engaged in the discovery development and commercialization of small molecule drug indicated for the treatment of cancer. The Company’s product pipeline includes Iclusig (ponatinib) brigatinib (AP26113) AP32788 and ridaforolimus. Iclusig is a tyrosine kinase inhibitor (TKI) which is approved in the United States Europe and Australia for the treatment of adult patients with chronic myeloid leukemia (CML) and Philadelphia chromosome-positive acute lymphoblastic leukemia (Ph+ ALL). Brigatinib is an investigational inhibitor of anaplastic lymphoma kinase (ALK). AP32788 is an orally active TKI. Ridaforolimus is an investigational inhibitor of the mammalian target of rapamycin (mTOR).

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