Parabilis Medicines, Inc. (NASDAQ:PBLS – Get Free Report) major shareholder Guy Levy bought 500,000 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were bought at an average price of $20.00 per share, for a total transaction of $10,000,000.00. Following the transaction, the insider directly owned 1,027,000 shares in the company, valued at $20,540,000. This trade represents a 94.88% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Parabilis Medicines Stock Performance
NASDAQ:PBLS traded up $0.72 during trading hours on Monday, reaching $29.52. The company had a trading volume of 131,079 shares, compared to its average volume of 1,137,350. Parabilis Medicines, Inc. has a twelve month low of $24.51 and a twelve month high of $34.47.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded shares of Parabilis Medicines to a “hold” rating in a report on Saturday, June 20th.
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