Kala Pharmctls (KALA) Major Shareholder Acquires $3,225,000.00 in Stock

Kala Pharmctls (NASDAQ:KALA) major shareholder Associates L.L.C. Cdk acquired 215,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 20th. The stock was acquired at an average cost of $15.00 per share, with a total value of $3,225,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Kala Pharmctls (KALA) traded down 1.66% during midday trading on Friday, reaching $21.36. The company’s stock had a trading volume of 58,614 shares. The stock’s market capitalization is $497.32 million. The firm has a 50-day moving average price of $18.32 and a 200 day moving average price of $18.32. Kala Pharmctls has a 52-week low of $16.38 and a 52-week high of $23.08.

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A number of brokerages recently issued reports on KALA. Oppenheimer Holdings, Inc. began coverage on Kala Pharmctls in a report on Tuesday. They issued an “outperform” rating and a $46.00 price objective for the company. Bank of America Corporation began coverage on Kala Pharmctls in a report on Monday. They issued a “buy” rating and a $33.00 price objective for the company. Wells Fargo & Company began coverage on Kala Pharmctls in a report on Monday. They issued an “outperform” rating and a $24.00 price objective for the company. Wedbush started coverage on Kala Pharmctls in a report on Monday. They issued an “outperform” rating and a $46.00 price objective for the company. Finally, J P Morgan Chase & Co started coverage on Kala Pharmctls in a research report on Monday. They issued an “overweight” rating and a $35.00 target price for the company. Five investment analysts have rated the stock with a buy rating, Kala Pharmctls currently has a consensus rating of “Buy” and an average target price of $36.80.

Kala Pharmctls Company Profile

Kala Pharmaceuticals, Inc is a biopharmaceutical company focused on the development and commercialization of therapeutics through its nanoparticle-based Mucus Penetrating Particles, or MPP, technology. The Company’s initial focus is on the treatment of eye diseases. The Company’s product candidate includes KPI-121 1%, KPI-121 0.25% and MPP rTKI Program.

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