Tesaro, Inc. (TSRO) Files Form 4 Insider Selling : Martin H. Jr. Huber Sells 408 Shares

Tesaro, Inc. (TSRO): Martin H. Jr. Huber , SVP & Chief Medical Officer of Tesaro, Inc. sold 408 shares on Sep 22, 2016. The Insider selling transaction was reported by the company on Sep 23, 2016 to the Securities and Exchange Commission. The shares were sold at $108.12 per share for a total value of $44,112.96 , 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 9, 2016, Edward C English (V.P.Finance and Administration) sold 7,000 shares at $89.15 per share price.On Sep 1, 2016, Jeffrey H. Hanke (Executive VP, R&D and CSO) sold 29,166 shares at $86.04 per share price.Also, On Mar 18, 2016, Beth C Seidenberg (director) purchased 1,420,858 shares at $35.19 per share price.On Mar 18, 2016, Arnold L Oronsky (director) purchased 142,085 shares at $35.19 per share price.

TESARO Inc: On Thursday, Sep 22, 2016 heightened volatility was witnessed in TESARO Inc which led to swings in the share price. The shares opened for trading at $108.12 and hit $110 on the upside , eventually ending the session at $108.43, with a gain of 0.81% or 0.87 points. The heightened volatility saw the trading volume jump to 14,84,671 shares. The 52-week high of the share price is $108.27 and the company has a market cap of $5,570 M . The 52-week low of the share price is at $29.51.

TESARO Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.TESARO Inc is Resumed by Lake Street to Buy and the brokerage firm has set the Price Target at $114. The Rating was issued on Sep 6, 2016.TESARO Inc is Initiated by BofA/Merrill to Neutral and the brokerage firm has set the Price Target at $97. The Rating was issued on Aug 30, 2016.TESARO Inc is Initiated by RBC Capital Mkts to Outperform and the brokerage firm has set the Price Target at $122. The Rating was issued on Aug 12, 2016.TESARO Inc is Reiterated by Mizuho to Buy and the brokerage firm has raised the Price Target to $ 100 from a previous price target of $94 .The Rating was issued on Aug 5, 2016.TESARO Inc is Reiterated by Wedbush to Outperform and the brokerage firm has raised the Price Target to $ 107 from a previous price target of $91 .The Rating was issued on Aug 5, 2016.

TESARO Inc. (TESARO) is oncology-focused biopharmaceutical company. The Company acquires in-licenses and develops oncology product candidates. The Company has in-licensed and are developing three clinical-stage product candidates rolapitant niraparib and TSR-011. Rolapitant is a potent and long-acting neurokinin-1 or NK-1 receptor antagonist for the prevention of chemotherapy induced nausea and vomiting (CINV); Niraparib formerly known as MK-4827 is an orally active and potent poly (ADP-ribose) polymerase and TSR-011 is an orally available targeted anti-cancer agent which is a potent inhibitor of both anaplastic lymphoma kinase (ALK) and tropomyosin-related kinase (TRK). The Company is also developing immuno-oncology programs by entering into a collaboration and exclusive license agreement with AnaptysBio Inc. for the discovery and development of antibodies for several specified immuno-oncology targets.

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