Dipexium Pharmaceuticals, Inc. (PLXP) Insider Purchases $200,146.08 in Stock

Dipexium Pharmaceuticals, Inc. (NASDAQ:PLXP) insider Michael J. Valentino purchased 29,091 shares of the company’s stock in a transaction dated Wednesday, June 14th. The shares were acquired at an average cost of $6.88 per share, with a total value of $200,146.08. Following the purchase, the insider now directly owns 122,386 shares of the company’s stock, valued at approximately $842,015.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Dipexium Pharmaceuticals, Inc. (PLXP) traded down 9.16% during trading on Friday, hitting $5.95. 48,344 shares of the stock traded hands. The company has a 50-day moving average price of $6.45 and a 200-day moving average price of $9.81. The stock’s market cap is $26.08 million. Dipexium Pharmaceuticals, Inc. has a 12 month low of $5.60 and a 12 month high of $142.01.

Dipexium Pharmaceuticals (NASDAQ:PLXP) last announced its quarterly earnings data on Monday, April 17th. The biotechnology company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by $0.02.

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Dipexium Pharmaceuticals Company Profile

PLx Pharma Inc, formerly Dipexium Pharmaceuticals, Inc, is a biopharmaceutical company. The Company is a late stage specialty pharmaceutical company focusing on commercializing its lead products: Aspertec 325 mg and Aspertec 81 mg (Aspertec). The Company’s products and technology includes PLxGuard delivery system, Aspertec 325 mg, PL1100/PL1200 Ibuprofen.

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