City Therapeutics, Inc. (NASDAQ:CTY – Get Free Report) major shareholder Arch Venture Partners Xii, Llc bought 170,000 shares of the firm’s stock in a transaction that occurred on Monday, October 19th. The shares were purchased at an average cost of $18.00 per share, for a total transaction of $3,060,000.00. Following the completion of the transaction, the insider owned 13,692,507 shares of the company’s stock, valued at $246,465,126. This represents a 1.26% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
City Therapeutics Stock Performance
Shares of CTY opened at $20.43 on Thursday. City Therapeutics, Inc. has a 12-month low of $19.97 and a 12-month high of $23.88.
City Therapeutics Company Profile
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