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Apellis Pharmaceuticals insiders sold significant stock despite the company reporting a quarterly loss.
Apellis Pharmaceuticals insiders, including CFO Timothy Sullivan and CEO Cedric Francois, recently sold significant portions of their company stock, reducing their ownership by nearly 2%.
The stock is up $0.19 to $30.13, despite the company reporting a loss of $0.46 per share in its last quarter, missing analyst estimates.
Institutional investors own 96.29% of the stock, and the company's market cap is $3.75 billion.
Analysts have mixed reviews, with a consensus "Moderate Buy" rating and a price target of $46.71.
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Apellis Pharmaceuticals vendió acciones significativas a pesar de que la compañía reportó una pérdida trimestral.