Goldman Sachs Group Inc. is Buying Retrophin Inc. (NASDAQ:RTRX) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
Stay Ahead of the
Stock Market Game!
Subscribe to Small Cap
Exclusive for more

trending

BTTX Stock Price is up 23%, can it go higher? URGENT
CYBIN (CYBN) ISSUED A BUY RATING WITH A 1,539% UPSIDE!
OPKO Health OPK Stock Price, are you kidding me? Exc...

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Retrophin Inc. (NASDAQ:RTRX) reported that Goldman Sachs Group Inc. has picked up 696,852 of common stock as of 2017-02-10.

The acquisition brings the aggregate amount owned by Goldman Sachs Group Inc. to a total of 696,852 representing a 1.8% stake in the company.

For those not familiar with the company, Retrophin, Inc. is a biopharmaceutical company focused on the development, acquisition and commercialization of therapies for the treatment of serious, catastrophic or rare diseases. It sells three products, including Chenodal (chenodeoxycholic acid), Cholbam (cholic acid) and Thiola (tiopronin). Its Chenodal is approved in the United States for the treatment of patients suffering from gallstones in whom surgery poses an unacceptable health risk due to disease or advanced age. Chenodal has also been care for cerebrotendinous xanthomatosis (CTX) patients. Its Cholbam is approved in the United States for the treatment of bile acid synthesis disorders due to single enzyme defects and is further indicated for adjunctive treatment of patients with peroxisomal disorders. Its Thiola is approved in the United States for the prevention of cystine (kidney) stone formation in patients with severe homozygous cystinuria. Its product candidates include Sparsentan, RE-024, RE-034 and NGLY1.

A glance at Retrophin Inc. (NASDAQ:RTRX)’s key stats reveals a current market capitalization of 821.45 million based on 37.73 million shares outstanding and a price at last close of $21.00 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-03-04, Meckler picked up 5,000 at a purchase price of $15.31. This brings their total holding to 52,000 as of the date of the filing.

On the sell side, the most recent transaction saw Aselage unload 3,200 shares at a sale price of $21.30. This brings their total holding to 240,556.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Retrophin Inc. (NASDAQ:RTRX) as things move forward to see if its progress aligns with these transactions.

Subscribe below and we’ll keep you on top of what’s happening before it moves markets.

 

 

Stay in the lopp :

APCX Stock Price is so consistent, can it go ...

AppTech Payments Corp. APCX stock price is up 75% in the last 5 days & volume is up 212%, but is

Ceco Environmental Corp (NASDAQ:CECE) is Attr...
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Ceco Environmental Corp (NASDAQ:CECE) reported that King Luther Capital Management
Atzmon Menachem Picked Icts International N V...
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Icts International N V (OTCMKTS:ICTSF) reported that Atzmon Menachem has

related post

Skip to content