share_log

Nantahala Capital Management LLC Has $934,000 Stock Holdings in Acer Therapeutics Inc. (NASDAQ:ACER)

Financial News Live ·  Dec 6, 2022 00:33

Nantahala Capital Management LLC reduced its stake in Acer Therapeutics Inc. (NASDAQ:ACER – Get Rating) by 4.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 741,010 shares of the biopharmaceutical company's stock after selling 36,810 shares during the period. Nantahala Capital Management LLC's holdings in Acer Therapeutics were worth $934,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Acer Therapeutics by 55.5% during the 1st quarter. Vanguard Group Inc. now owns 278,215 shares of the biopharmaceutical company's stock worth $807,000 after buying an additional 99,335 shares during the period. Renaissance Technologies LLC lifted its position in Acer Therapeutics by 216.8% during the second quarter. Renaissance Technologies LLC now owns 69,700 shares of the biopharmaceutical company's stock worth $88,000 after acquiring an additional 47,700 shares during the last quarter. Finally, Copperwynd Financial LLC bought a new stake in shares of Acer Therapeutics during the second quarter worth approximately $29,000. 9.76% of the stock is owned by institutional investors.

Get Acer Therapeutics alerts:

Insider Activity at Acer Therapeutics

In other news, CEO Chris Schelling acquired 819,672 shares of the stock in a transaction on Tuesday, November 29th. The shares were purchased at an average price of $1.22 per share, for a total transaction of $999,999.84. Following the transaction, the chief executive officer now directly owns 2,712,529 shares of the company's stock, valued at $3,309,285.38. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 20.20% of the stock is currently owned by corporate insiders.

Acer Therapeutics Price Performance

Shares of Acer Therapeutics stock traded up $0.04 on Monday, hitting $1.54. The stock had a trading volume of 4,594 shares, compared to its average volume of 203,687. Acer Therapeutics Inc. has a twelve month low of $1.11 and a twelve month high of $3.77. The business's 50 day moving average is $1.27 and its two-hundred day moving average is $1.49.

Acer Therapeutics Company Profile

(Get Rating)

Acer Therapeutics Inc, a pharmaceutical company, focuses on the acquisition, development, and commercialization of therapies for serious rare and life-threatening diseases. Its pipeline includes four clinical-stage candidates comprising EDSIVO for the treatment of vascular Ehlers-Danlos Syndrome in patients with a confirmed type III collagen mutation; ACER-001, a formulation of sodium phenylbutyrate for the treatment of various inborn errors of metabolism, including urea cycle disorders and maple syrup urine disease; ACER-801 (osanetant) for the treatment of induced Vasomotor Symptoms; and ACER-2820 (emetine), a host-directed therapy against a variety of infectious diseases, including COVID-19.

Featured Articles

  • Get a free copy of the StockNews.com research report on Acer Therapeutics (ACER)
  • Insiders And Institutions Buy Fastenal, An Aristocrat To Be
  • Is Big Lots the Next Bed Bath & Beyond Disaster in the Making?
  • Is Salesforce Stock a Bargain Down Here?
  • Intel is a Sleeping Giant Ready to Awaken
  • Why CSL Ltd Stock Could Be Worth a Look

Want to see what other hedge funds are holding ACER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Acer Therapeutics Inc. (NASDAQ:ACER – Get Rating).

Receive News & Ratings for Acer Therapeutics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acer Therapeutics and related companies with MarketBeat.com's FREE daily email newsletter.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment