Fibrocell Science (FCSC) Sees Unusually-High Trading Volume Following Insider Buying Activity
Fibrocell Science Inc (NASDAQ:FCSC) shares saw unusually-high trading volume on Thursday following insider buying activity. Approximately 1,577,965 shares changed hands during mid-day trading, an increase of 1,176% from the previous session’s volume of 123,641 shares.The stock last traded at $0.70 and had previously closed at $0.65.
Specifically, major shareholder Randal J. Kirk acquired 2,727,273 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The stock was purchased at an average cost of $0.77 per share, with a total value of $2,100,000.21. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.10% of the company’s stock.
A number of equities analysts have issued reports on FCSC shares. HC Wainwright reissued a “buy” rating and set a $5.70 price target on shares of Fibrocell Science in a research report on Friday, September 15th. Zacks Investment Research raised shares of Fibrocell Science from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. ValuEngine lowered shares of Fibrocell Science from a “sell” rating to a “strong sell” rating in a research report on Wednesday, September 6th. Finally, Canaccord Genuity reissued a “buy” rating and set a $7.00 price target (up from $3.00) on shares of Fibrocell Science in a research report on Monday, September 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $5.21.
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About Fibrocell Science
Fibrocell Science, Inc is an autologous cell and gene therapy company. The Company is focused on discovering and developing localized therapies for diseases affecting the skin, connective tissue and joints. Its product candidate, azficel-T, is in development to treat patients suffering from vocal cord scarring that is either idiopathic or age-related.
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