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Tritonpoint Wealth LLC Sells 1,938 Shares of Regeneron Pharmaceuticals, Inc. $REGN
Tritonpoint Wealth LLC significantly reduced its stake in Regeneron Pharmaceuticals (NASDAQ:REGN) by 70.0% in the fourth quarter, selling 1,938 shares and holding 829 shares worth approximately $640,000. This comes as Regeneron has seen positive developments, including FDA approval for EYLEA HD with extended dosing, a strategic collaboration with TriNetX for AI-driven drug discovery, and increased Wall Street optimism following an earnings beat and a dividend hike. The company’s stock shows strong institutional ownership and a “Moderate Buy” average rating from analysts.