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Travere Therapeutics reached a 52-week high despite insider selling and negative metrics.
Travere Therapeutics (NASDAQ:TVTX) insiders have been selling shares, with recent transactions by William E. Rote and Roy D. Baynes.
The stock has gained momentum, reaching a 52-week high and receiving positive analyst ratings, including a Wells Fargo upgrade to "overweight."
Despite negative financial metrics, institutional investments have increased, and the company's revenue rose 69.6% year-over-year to $62.9M.
Travere Therapeutics focuses on therapies for rare kidney and metabolic diseases.
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