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Jon Faiz Kayyem Purchases 69,686 Shares of Inhibrx, Inc. (NASDAQ:INBX) Stock

Inhibrx logo with Medical background

Inhibrx, Inc. (NASDAQ:INBX - Get Free Report) Director Jon Faiz Kayyem purchased 69,686 shares of the company's stock in a transaction that occurred on Tuesday, November 19th. The shares were acquired at an average cost of $14.23 per share, for a total transaction of $991,631.78. Following the completion of the transaction, the director now directly owns 51,093 shares of the company's stock, valued at $727,053.39. This trade represents a -374.80 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Inhibrx Stock Performance

NASDAQ INBX traded up $0.10 during midday trading on Friday, hitting $14.08. The company had a trading volume of 54,284 shares, compared to its average volume of 138,526. The firm has a fifty day simple moving average of $15.66 and a two-hundred day simple moving average of $17.34. Inhibrx, Inc. has a fifty-two week low of $10.80 and a fifty-two week high of $18.95.

Hedge Funds Weigh In On Inhibrx

Several large investors have recently added to or reduced their stakes in INBX. Price T Rowe Associates Inc. MD raised its stake in shares of Inhibrx by 8.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 14,812 shares of the company's stock valued at $518,000 after purchasing an additional 1,112 shares in the last quarter. Black Maple Capital Management LP acquired a new stake in shares of Inhibrx during the 1st quarter worth about $555,000. Finally, Alpine Global Management LLC bought a new position in Inhibrx in the 1st quarter valued at $1,224,000. Institutional investors and hedge funds own 82.46% of the company's stock.

About Inhibrx

(Get Free Report)

Inhibrx, Inc, a clinical-stage biopharmaceutical company, develops a pipeline of novel biologic therapeutic candidates. The company's therapeutic candidate includes INBRX-101, an alpha-1 antitrypsin (AAT)-Fc fusion protein therapeutic candidate, which is in Phase 1 clinical trials for use in the treatment of patients with AAT deficiency.

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Insider Buying and Selling by Quarter for Inhibrx (NASDAQ:INBX)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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