Skye Bioscience executives sold stock, but analysts still recommend buying the company's shares.

CEO Punit Dhillon and other executives at Skye Bioscience sold significant portions of their company stock, reducing their ownership. Skye Bioscience develops cannabinoid-based molecules for treating infectious diseases. Despite recent stock sales, analysts maintain a "Buy" rating with an average target price of $18.67, up from the current value. Institutional investors also increased their stakes in the company.

November 20, 2024
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