Today it was reported that a Director at Amphastar Pharmaceuticals (NASDAQ: AMPH), Richard Prins, exercised options to sell 10,000 AMPH shares at $14.66 a share, for a total transaction value of $178.1K.
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Based on Amphastar Pharmaceuticals’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $71.04 million and GAAP net loss of $2.79 million. In comparison, last year the company earned revenue of $65.19 million and had a net profit of $1.97 million. Currently, Amphastar Pharmaceuticals has an average volume of 129K.
Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $24.00, reflecting a -27.1% downside.
The insider sentiment on Amphastar Pharmaceuticals has been neutral according to 60 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.
Richard Prins’ trades have generated a -1.8% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Amphastar Pharmaceuticals, Inc. engages in the development, manufacture, market, and sale of technically challenging and proprietary injectable, inhalation, and intranasal products. It operates through Finished Pharmaceutical Products, and Active Pharmaceutical Ingredients Products segments.
