SunTrust Banks Inc. assumed coverage on shares of Ra Pharmaceuticals Inc (NASDAQ:RARX) in a report issued on Monday. The brokerage set a “buy” rating on the stock.

Ra Pharmaceuticals (NASDAQ:RARX) opened at 13.29 on Monday. The stock’s market cap is $7.36 million. Ra Pharmaceuticals has a 12-month low of $12.33 and a 12-month high of $14.86. The company’s 50-day moving average price is $13.19 and its 200-day moving average price is $13.19.

In related news, Director Rajeev M. Shah purchased 161,538 shares of the business’s stock in a transaction that occurred on Monday, October 31st. The stock was purchased at an average price of $13.00 per share, with a total value of $2,099,994.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Harry R. Weller purchased 338,462 shares of the business’s stock in a transaction that occurred on Monday, October 31st. The stock was bought at an average cost of $13.00 per share, with a total value of $4,400,006.00. The disclosure for this purchase can be found here.

About Ra Pharmaceuticals

Ra Pharmaceuticals, Inc is a United States-based clinical-stage biopharmaceutical company. The Company focuses on the development of therapeutics for diseases of complement dysregulation and a range of orphan indications. It utilizes small molecules and peptide approaches to address pathological targets in the complement cascade.

5 Day Chart for NASDAQ:RARX

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