Synthetic Biologics Inc (NYSEAMERICAN:SYN) Major Shareholder Sells $99,372.90 in Stock

Synthetic Biologics Inc (NYSEAMERICAN:SYN) major shareholder Randal J. Kirk sold 150,565 shares of Synthetic Biologics stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $0.66, for a total transaction of $99,372.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

NYSEAMERICAN SYN traded down $0.02 during trading on Friday, reaching $0.62. The company’s stock had a trading volume of 100,900 shares, compared to its average volume of 312,676. Synthetic Biologics Inc has a 1-year low of $0.51 and a 1-year high of $10.43.

Synthetic Biologics (NYSEAMERICAN:SYN) last posted its earnings results on Wednesday, February 27th. The company reported ($1.12) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($0.95).

An institutional investor recently raised its position in Synthetic Biologics stock. Virtu Financial LLC lifted its position in Synthetic Biologics Inc (NYSEAMERICAN:SYN) by 669.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 94,070 shares of the company’s stock after buying an additional 81,852 shares during the quarter. Virtu Financial LLC owned about 0.61% of Synthetic Biologics worth $64,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Zacks Investment Research upgraded shares of Synthetic Biologics from a “hold” rating to a “buy” rating in a research note on Tuesday, January 29th.

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Synthetic Biologics Company Profile

Synthetic Biologics, Inc, a clinical stage company, focuses developing therapeutics designed to preserve the microbiome to protect and restore the health of patients in the United States. Its lead product candidates include SYN-004 that is in Phase III clinical trial designed to protect the gut microbiome from the effects of commonly used intravenous beta-lactam antibiotics in gastrointestinal tract for the prevention of microbiome damage, clostridium difficile infection (CDI), overgrowth of pathogenic organisms, the emergence of antimicrobial resistance (AMR), and acute graft-versus-host-disease in allogeneic hematopoietic cell transplant recipients.

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