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Achieve Life Sciences, Inc. (NASDAQ:ACHV) CFO Purchases $28,900.00 in Stock

Achieve Life Sciences logo with Medical background
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Achieve Life Sciences, Inc. (NASDAQ:ACHV - Get Free Report) CFO Mark K. Oki bought 10,000 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was purchased at an average price of $2.89 per share, for a total transaction of $28,900.00. Following the acquisition, the chief financial officer now owns 10,000 shares of the company's stock, valued at $28,900. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Achieve Life Sciences Trading Up 2.2 %

Shares of ACHV stock traded up $0.06 during mid-day trading on Friday, hitting $2.81. The company's stock had a trading volume of 207,633 shares, compared to its average volume of 170,817. The company has a market cap of $97.46 million, a PE ratio of -2.49 and a beta of 1.67. The company has a debt-to-equity ratio of 0.31, a quick ratio of 6.78 and a current ratio of 6.78. The company's fifty day simple moving average is $3.09 and its 200-day simple moving average is $3.95. Achieve Life Sciences, Inc. has a 52 week low of $2.51 and a 52 week high of $5.59.

Achieve Life Sciences (NASDAQ:ACHV - Get Free Report) last issued its earnings results on Tuesday, March 11th. The biopharmaceutical company reported ($0.36) earnings per share for the quarter, missing analysts' consensus estimates of ($0.30) by ($0.06). As a group, equities research analysts expect that Achieve Life Sciences, Inc. will post -1.17 earnings per share for the current fiscal year.

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Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. MetLife Investment Management LLC grew its holdings in Achieve Life Sciences by 65.6% in the third quarter. MetLife Investment Management LLC now owns 14,993 shares of the biopharmaceutical company's stock worth $71,000 after purchasing an additional 5,939 shares during the period. Verition Fund Management LLC acquired a new stake in shares of Achieve Life Sciences in the 3rd quarter valued at about $113,000. State Street Corp grew its stake in shares of Achieve Life Sciences by 6.8% in the 3rd quarter. State Street Corp now owns 431,520 shares of the biopharmaceutical company's stock valued at $2,045,000 after buying an additional 27,419 shares during the period. Barclays PLC increased its position in Achieve Life Sciences by 303.1% in the 3rd quarter. Barclays PLC now owns 47,655 shares of the biopharmaceutical company's stock valued at $226,000 after buying an additional 35,832 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Achieve Life Sciences by 6.9% during the 3rd quarter. Geode Capital Management LLC now owns 749,109 shares of the biopharmaceutical company's stock worth $3,552,000 after buying an additional 48,474 shares during the period. Institutional investors and hedge funds own 33.52% of the company's stock.

About Achieve Life Sciences

(Get Free Report)

Achieve Life Sciences, Inc, a clinical-stage pharmaceutical company, develops and commercializes cytisinicline for smoking cessation and nicotine addiction. The company offers cytisinicline, a plant-based alkaloid that interacts with nicotine receptors in the brain that reduce the severity of nicotine withdrawal symptoms.

Further Reading

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