Vical Incorporated (VICL) Director Robert C. Merton Purchases 85,700 Shares of Stock
Vical Incorporated (NASDAQ:VICL) Director Robert C. Merton purchased 85,700 shares of Vical stock in a transaction dated Friday, November 10th. The stock was acquired at an average price of $1.75 per share, with a total value of $149,975.00. Following the acquisition, the director now owns 95,451 shares in the company, valued at approximately $167,039.25. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Vical Incorporated (NASDAQ VICL) traded down $0.01 during midday trading on Wednesday, hitting $1.90. 402,800 shares of the company traded hands, compared to its average volume of 172,048. Vical Incorporated has a 1 year low of $1.66 and a 1 year high of $3.70.
Vical (NASDAQ:VICL) last posted its quarterly earnings data on Monday, October 23rd. The biotechnology company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.02). The firm had revenue of $3.24 million for the quarter, compared to the consensus estimate of $3.60 million. Vical had a negative return on equity of 29.06% and a negative net margin of 92.13%. analysts forecast that Vical Incorporated will post -1.07 earnings per share for the current year.
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Several equities research analysts have recently commented on the stock. ValuEngine lowered shares of Vical from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. HC Wainwright set a $9.00 price target on shares of Vical and gave the company a “buy” rating in a report on Wednesday, August 9th. Ifs Securities restated an “outperform” rating on shares of Vical in a report on Tuesday, August 8th. Finally, Zacks Investment Research lowered shares of Vical from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $9.00.
A hedge fund recently raised its stake in Vical stock. Renaissance Technologies LLC increased its position in shares of Vical Incorporated (NASDAQ:VICL) by 6.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 416,029 shares of the biotechnology company’s stock after acquiring an additional 23,520 shares during the quarter. Renaissance Technologies LLC’s holdings in Vical were worth $932,000 as of its most recent SEC filing. Institutional investors and hedge funds own 21.39% of the company’s stock.
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