Amicus Therapeutics, Inc. (NASDAQ:FOLD – Get Free Report) was the recipient of a large decrease in short interest in December. As of December 15th, there was short interest totalling 19,600,000 shares, a decrease of 5.9% from the November 30th total of 20,830,000 shares. Based on an average daily volume of 2,550,000 shares, the short-interest ratio is presently 7.7 days.
Insiders Place Their Bets
In other news, CEO Bradley L. Campbell sold 7,500 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $10.02, for a total transaction of $75,150.00. Following the completion of the sale, the chief executive officer now directly owns 886,654 shares in the company, valued at approximately $8,884,273.08. This represents a 0.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 22,901 shares of company stock worth $259,863 in the last quarter. Corporate insiders own 2.20% of the company’s stock.
Institutional Trading of Amicus Therapeutics
A number of hedge funds have recently made changes to their positions in the company. OLD Second National Bank of Aurora acquired a new position in shares of Amicus Therapeutics in the third quarter valued at approximately $26,000. Hazlett Burt & Watson Inc. increased its position in Amicus Therapeutics by 156.9% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 2,569 shares of the biopharmaceutical company’s stock valued at $28,000 after acquiring an additional 1,569 shares during the period. Blue Trust Inc. raised its stake in shares of Amicus Therapeutics by 1,705.4% during the third quarter. Blue Trust Inc. now owns 2,997 shares of the biopharmaceutical company’s stock valued at $30,000 after acquiring an additional 2,831 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new position in shares of Amicus Therapeutics during the third quarter worth $32,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Amicus Therapeutics in the third quarter worth $55,000.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on FOLD
Amicus Therapeutics Trading Up 0.1 %
NASDAQ FOLD opened at $9.42 on Thursday. The company has a market cap of $2.81 billion, a price-to-earnings ratio of -27.71 and a beta of 0.60. Amicus Therapeutics has a twelve month low of $9.02 and a twelve month high of $14.53. The company has a quick ratio of 2.42, a current ratio of 3.15 and a debt-to-equity ratio of 2.18. The business’s fifty day moving average is $10.21 and its 200 day moving average is $10.57.
Amicus Therapeutics Company Profile
Amicus Therapeutics, Inc, a biotechnology company, focuses on discovering, developing, and delivering medicines for rare diseases. Its commercial product and product candidates include Galafold, an oral precision medicine for the treatment of adults with a confirmed diagnosis of Fabry disease and an amenable galactosidase alpha gene variant; and Pombiliti + Opfolda, for the treatment of late onset.
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