Insider Buying: Onconova Therapeutics Inc (ONTX) Major Shareholder Acquires 200,000 Shares of Stock
Onconova Therapeutics Inc (NASDAQ:ONTX) major shareholder 683 Capital Management, Llc purchased 200,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was bought at an average price of $1.04 per share, with a total value of $208,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of Onconova Therapeutics Inc (NASDAQ ONTX) opened at $1.03 on Thursday. Onconova Therapeutics Inc has a 52 week low of $0.95 and a 52 week high of $3.88.
Several analysts recently issued reports on the company. Zacks Investment Research upgraded Onconova Therapeutics from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. Maxim Group set a $6.00 price target on Onconova Therapeutics and gave the company a “buy” rating in a report on Thursday, November 9th. Finally, HC Wainwright set a $6.00 price target on Onconova Therapeutics and gave the company a “buy” rating in a report on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $7.33.
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Onconova Therapeutics Company Profile
Onconova Therapeutics, Inc is a clinical-stage biopharmaceutical company. The Company operates through the identification and development of oncology therapeutics segment. It is focused on discovering and developing small molecule drug candidates to treat cancer. The Company has created a targeted anti-cancer agents designed to work against specific cellular pathways that are important to cancer cells.
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