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Ionis execs sold shares amid strong earnings and revenue growth, with stock near $73.65.
Ionis Pharmaceuticals (IONS) Director Joseph Wender sold 11,200 shares on October 31 at $75.16 each, reducing his stake by 14.89% to 64,035 shares valued at about $4.81 million.
Executive Vice President Richard Geary also sold 89,249 shares on the same day, cutting his ownership by nearly 60%.
The stock closed at $73.65 on Monday, down $0.65, with elevated trading volume.
Ionis reported third-quarter earnings of $0.80 per share, beating estimates by $0.35, and revenue rose 17.2% year-over-year to $157 million.
The company has a market cap of $11.93 billion and a negative P/E ratio of -43.58.
Analysts maintain a "Moderate Buy" consensus rating with a target of $83.05, and several firms raised their targets, citing growth potential in its RNA-targeted therapies like SPINRAZA, TEGSEDI, and WAYLIVRA.
Los ejecutivos de Ionis vendieron acciones en medio de fuertes ganancias y crecimiento de ingresos, con acciones cercanas a $73.65.