Insider Buying: Cerecor Inc. (CERC) Major Shareholder Buys $82,963.77 in Stock
Cerecor Inc. (NASDAQ:CERC) major shareholder Armistice Capital Master Fund purchased 113,649 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The stock was bought at an average cost of $0.73 per share, with a total value of $82,963.77. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Armistice Capital Master Fund also recently made the following trade(s):
- On Thursday, August 24th, Armistice Capital Master Fund purchased 120,435 shares of Cerecor stock. The stock was bought at an average cost of $0.66 per share, with a total value of $79,487.10.
- On Monday, August 21st, Armistice Capital Master Fund purchased 219,792 shares of Cerecor stock. The stock was bought at an average cost of $0.60 per share, with a total value of $131,875.20.
- On Wednesday, August 16th, Armistice Capital Master Fund purchased 954,228 shares of Cerecor stock. The stock was bought at an average cost of $0.61 per share, with a total value of $582,079.08.
Shares of Cerecor Inc. (CERC) opened at 0.732 on Friday. The company has a 50-day moving average of $0.70 and a 200 day moving average of $0.67. Cerecor Inc. has a one year low of $0.34 and a one year high of $5.60. The stock’s market cap is $19.07 million.
Cerecor (NASDAQ:CERC) last issued its quarterly earnings results on Monday, August 14th. The company reported ($0.14) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.29) by $0.15. Cerecor had a negative return on equity of 1,325.84% and a negative net margin of 1,106.99%. The firm had revenue of $0.16 million during the quarter. On average, equities analysts forecast that Cerecor Inc. will post ($1.07) earnings per share for the current fiscal year.
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Cerecor, Inc is a clinical stage biopharmaceutical company. The Company is engaged in developing drug candidates for patients with neurological and psychiatric disorders. The Company has a portfolio of clinical and preclinical compounds that it is developing for a range of indications, including CERC-301, which is an adjunctive treatment for major depressive disorder (MDD); CERC-501, which is for substance use disorders and adjunctive treatment of MDD, and CERC-406, which is for the treatment of cognitive impairment.
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