Insider Buying: Electra Therapeutics (NASDAQ:ETRA) Director Buys $19,999,995.00 in Stock

Electra Therapeutics, Inc. (NASDAQ:ETRAGet Free Report) Director Orbimed Advisors Llc purchased 1,333,333 shares of the company’s stock in a transaction that occurred on Monday, September 21st. The shares were purchased at an average cost of $15.00 per share, for a total transaction of $19,999,995.00. Following the completion of the transaction, the director directly owned 5,126,891 shares of the company’s stock, valued at $76,903,365. This represents a 35.15% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Electra Therapeutics Stock Down 7.0%

ETRA stock traded down $0.95 during trading on Wednesday, reaching $12.67. The stock had a trading volume of 874,135 shares, compared to its average volume of 708,715. Electra Therapeutics, Inc. has a one year low of $12.50 and a one year high of $15.50.

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