Durata closes higher on CEO's purchase


Durata (DRTX +2.5%) CEO Paul Edick discloses he bought 3K shares yesterday at $15.23.

The purchase comes a month after chairman Richard De Schutter bought 15K shares at $15.57.

Comments (4)
  • GrowthGeek
    , contributor
    Comments (3095) | Send Message
     
    DRTX will continue to close higher in coming days. The management knows what they have in Dalvance, the market is still figuring that out.
    13 Jun 2014, 06:12 PM Reply Like
  • Small Pharma Analyst
    , contributor
    Comments (773) | Send Message
     
    Buying $45,000 worth of stock in your own company is not much of a vote of confidence for a CEO. It he had bought 10X that amount, it would have meant something. Also suggests they are not in any buy out talks as senior members would not be trading.
    13 Jun 2014, 07:02 PM Reply Like
  • bigticket99
    , contributor
    Comments (14) | Send Message
     
    ".....Also suggests they are not in any buy out talks as senior members would not be trading...."

     

    please explain
    13 Jun 2014, 09:30 PM Reply Like
  • D00ner
    , contributor
    Comments (44) | Send Message
     
    WHAAAAAT? Somebody found some loose change in the couch?
    Seriously, such a small purchase... not an indication of conviction.
    Discouraging, and I am a BULL on DRTX.
    13 Jun 2014, 09:37 PM Reply Like
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