Amylyx Pharmaceuticals, Inc. (NASDAQ:AMLX – Get Free Report) insider Gina Mazzariello sold 3,678 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $3.49, for a total transaction of $12,836.22. Following the completion of the transaction, the insider now owns 139,090 shares of the company’s stock, valued at $485,424.10. This represents a 2.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Amylyx Pharmaceuticals Stock Performance
NASDAQ:AMLX traded up $0.07 during mid-day trading on Wednesday, reaching $3.69. The stock had a trading volume of 1,581,960 shares, compared to its average volume of 986,350. The firm has a market capitalization of $252.95 million, a price-to-earnings ratio of -0.97 and a beta of -0.54. Amylyx Pharmaceuticals, Inc. has a twelve month low of $1.58 and a twelve month high of $19.95. The business has a 50 day simple moving average of $4.07 and a 200 day simple moving average of $3.66.
Institutional Investors Weigh In On Amylyx Pharmaceuticals
Hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in Amylyx Pharmaceuticals by 232.1% in the fourth quarter. Blue Trust Inc. now owns 6,987 shares of the company’s stock valued at $26,000 after purchasing an additional 4,883 shares during the period. China Universal Asset Management Co. Ltd. increased its holdings in Amylyx Pharmaceuticals by 63.9% in the third quarter. China Universal Asset Management Co. Ltd. now owns 13,094 shares of the company’s stock valued at $42,000 after buying an additional 5,104 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Amylyx Pharmaceuticals in the fourth quarter valued at about $56,000. Algert Global LLC purchased a new position in Amylyx Pharmaceuticals in the second quarter valued at about $47,000. Finally, Barclays PLC increased its holdings in Amylyx Pharmaceuticals by 91.1% in the third quarter. Barclays PLC now owns 84,572 shares of the company’s stock valued at $274,000 after buying an additional 40,319 shares in the last quarter. Institutional investors and hedge funds own 95.84% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Stock Analysis on Amylyx Pharmaceuticals
Amylyx Pharmaceuticals Company Profile
Amylyx Pharmaceuticals, Inc, a commercial-stage biotechnology company, engages in the discovery and development of treatment for amyotrophic lateral sclerosis (ALS) and neurodegenerative diseases. The company's products include RELYVRIO, a dual UPR-Bax apoptosis inhibitor composed of sodium phenylbutyrate and taurursodiol for the treatment of ALS in adults in the United States and marketed as ALBRIOZA for the treatment of ALS in Canada.
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