AnaptysBio (NASDAQ:ANAB) insider Eric Loumeau sold 10,000 shares of the company’s stock for $540,000 on February 11th, reducing his ownership by 43.79%. Following this transaction, Loumeau now owns 12,835 shares valued at approximately $693,090. The biotechnology company also recently announced a $100 million stock repurchase plan, indicating management believes the stock is undervalued.
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AnaptysBio (NASDAQ:ANAB) Insider Sells $540,000.00 in Stock
AnaptysBio (NASDAQ:ANAB) insider Eric Loumeau sold 10,000 shares of the company’s stock for $540,000 on February 11th, reducing his ownership by 43.79%. Following this transaction, Loumeau now owns 12,835 shares valued at approximately $693,090. The biotechnology company also recently announced a $100 million stock repurchase plan, indicating management believes the stock is undervalued.