Citius Pharmaceuticals (CTXR) Sees Strong Trading Volume

Share on StockTwits

Shares of Citius Pharmaceuticals Inc (NASDAQ:CTXR) saw unusually-high trading volume on Friday . Approximately 864,086 shares were traded during trading, an increase of 353% from the previous session’s volume of 190,625 shares.The stock last traded at $1.38 and had previously closed at $1.27.

CTXR has been the subject of several recent analyst reports. Zacks Investment Research downgraded Citius Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Monday, February 18th. HC Wainwright reiterated a “buy” rating and set a $3.00 price target on shares of Citius Pharmaceuticals in a research note on Thursday, February 7th.

In related news, insider Myron Z. Holubiak purchased 129,450 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The stock was bought at an average price of $1.55 per share, for a total transaction of $200,647.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 58.52% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CTXR. Morgan Stanley bought a new stake in shares of Citius Pharmaceuticals during the 1st quarter worth about $29,000. Renaissance Technologies LLC bought a new stake in shares of Citius Pharmaceuticals during the 3rd quarter worth about $100,000. Finally, Baker Avenue Asset Management LP bought a new stake in shares of Citius Pharmaceuticals during the 1st quarter worth about $120,000. Institutional investors own 4.20% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Citius Pharmaceuticals (CTXR) Sees Strong Trading Volume” was first reported by Week Herald and is owned by of Week Herald. If you are accessing this report on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The legal version of this report can be viewed at https://weekherald.com/2019/05/17/citius-pharmaceuticals-ctxr-sees-strong-trading-volume.html.

Citius Pharmaceuticals Company Profile (NASDAQ:CTXR)

Citius Pharmaceuticals, Inc, a specialty pharmaceutical company, develops and commercializes critical care products. It primarily focuses on developing anti-infective, cancer care, and prescription products. The company develops Mino-Lok, which is in Phase III clinical trials for the treatment and salvage of infected central venous catheters in patients with catheter related bloodstream infections; and Hydro-Lido, a topical formulation of hydrocortisone and lidocaine that is intended for the treatment of hemorrhoids.

Featured Story: Trading Ex-Dividend

Receive News & Ratings for Citius Pharmaceuticals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citius Pharmaceuticals and related companies with MarketBeat.com's FREE daily email newsletter.