Rein Therapeutics Inc. (NASDAQ:RNTX – Get Free Report) Director Rickenbach Josef Von bought 23,190 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was purchased at an average cost of $1.06 per share, for a total transaction of $24,581.40. Following the transaction, the director owned 58,014 shares in the company, valued at $61,494.84. The trade was a 66.59% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Rein Therapeutics Stock Performance
Shares of Rein Therapeutics stock opened at $1.11 on Friday. The business’s 50 day simple moving average is $1.32 and its 200 day simple moving average is $1.31. Rein Therapeutics Inc. has a 52-week low of $0.95 and a 52-week high of $2.18. The firm has a market cap of $94.95 million, a PE ratio of -0.58 and a beta of 1.42.
Rein Therapeutics (NASDAQ:RNTX – Get Free Report) last announced its earnings results on Friday, May 15th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.30. As a group, equities research analysts predict that Rein Therapeutics Inc. will post -1.63 EPS for the current year.
Analyst Upgrades and Downgrades
Get Our Latest Stock Report on RNTX
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the stock. Susquehanna International Group LLP acquired a new position in shares of Rein Therapeutics during the 3rd quarter worth approximately $35,000. HRT Financial LP acquired a new position in shares of Rein Therapeutics during the 4th quarter worth approximately $38,000. Chicago Partners Investment Group LLC increased its holdings in shares of Rein Therapeutics by 32.2% during the 1st quarter. Chicago Partners Investment Group LLC now owns 41,048 shares of the company’s stock worth $53,000 after acquiring an additional 10,000 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Rein Therapeutics during the 2nd quarter worth approximately $68,000. Finally, Jane Street Group LLC acquired a new position in shares of Rein Therapeutics during the 4th quarter worth approximately $72,000. Institutional investors and hedge funds own 90.89% of the company’s stock.
About Rein Therapeutics
Rein Therapeutics is a clinical-stage biotechnology company focused on developing novel immuno-oncology therapies for patients with solid tumors. The company’s core technology is a tumor-activated interleukin-12 (IL-12) prodrug platform, designed to confine cytokine activity to the tumor microenvironment and thereby enhance anti-tumor immunity while minimizing systemic toxicity.
The lead candidate, RT-101, is currently in early-phase clinical trials targeting multiple solid tumor indications, including head and neck cancer and non-small cell lung cancer.
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