The Arca Biopharma Inc (ABIO) Issues Quarterly Earnings Results

The Arca Biopharma Inc (ABIO) Issues Quarterly  Earnings Results

Arca Biopharma (ABIO) opened at 2.35 on Monday. Arca Biopharma has a 52 week low of $2.15 and a 52 week high of $3.93. The firm has a 50 day moving average of $2.45 and a 200-day moving average of $2.51. The company’s market capitalization is $21.72 million.

Arca Biopharma Inc (NASDAQ:ABIO) announced its earnings results on Monday. The biopharmaceutical company reported ($0.48) earnings per share for the quarter, Bloomberg Earnings reports.

In other news, Director Robert E. Conway purchased 25,000 shares of the company’s stock in a transaction on Friday, March 24th. The stock was acquired at an average price of $2.59 per share, with a total value of $64,750.00. Following the transaction, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $64,750. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel J. Mitchell purchased 11,000 shares of the company’s stock in a transaction on Tuesday, May 2nd. The shares were purchased at an average cost of $2.71 per share, with a total value of $29,810.00. Following the transaction, the director now directly owns 11,000 shares in the company, valued at $29,810. The disclosure for this purchase can be found here. Insiders sold a total of 2,642 shares of company stock valued at $6,423 in the last ninety days. 2.46% of the stock is owned by corporate insiders. Arca Biopharma Company Profile

ARCA biopharma, Inc (ARCA) is a biopharmaceutical company. The Company is principally focused on developing genetically-targeted therapies for cardiovascular diseases. The Company’s lead product candidate is Gencaro (bucindolol hydrochloride), a beta-blocker and mild vasodilator that the Company is evaluating in a clinical trial for the treatment of atrial fibrillation (AF) in patients with heart failure with reduced left ventricular ejection fraction (HFREF).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:ABIO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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