Soleno Therapeutics insiders sold millions in shares despite a buy rating and Phase III trial progress for a new treatment.

Soleno Therapeutics (SLNO) insiders Patricia C. Hirano and James H. Mackaness recently sold shares, totaling $265,156 and $6,292,791 respectively. The company's stock received a buy rating with a price target increase to $100 by HC Wainwright, following its lead candidate entering Phase III trials for Prader-Willi Syndrome treatment. Despite missing Q1 earnings expectations, Soleno Therapeutics has a market cap of $3.38 billion.

3 days ago
6 Articles