Palatin Technologies, Inc. (NYSEAMERICAN:PTN) major shareholder Stephen T. Wills purchased 1,500 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were acquired at an average price of $25.31 per share, for a total transaction of $37,965.00. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Shares of PTN traded up $0.08 during mid-day trading on Monday, reaching $0.99. The stock had a trading volume of 2,510,443 shares, compared to its average volume of 2,063,947. Palatin Technologies, Inc. has a 52-week low of $0.59 and a 52-week high of $1.78.
A number of analysts have commented on the stock. HC Wainwright set a $8.00 price objective on shares of Palatin Technologies and gave the company a “buy” rating in a report on Monday, June 24th. Zacks Investment Research cut Palatin Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Finally, LADENBURG THALM/SH SH set a $3.00 price target on Palatin Technologies and gave the company a “buy” rating in a research report on Thursday, May 23rd.
Palatin Technologies Company Profile
Palatin Technologies, Inc, a biopharmaceutical company, develops targeted, receptor-specific therapeutics for the treatment of various diseases in the United States. The company's principal product is Vyleesi, an on demand subcutaneous injectable product that has completed Phase III clinical studies for the treatment of premenopausal women with acquired, generalized hypoactive sexual desire disorder.
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