ContraFect (CFRX) Trading Up 9.1%

ContraFect Corp (NASDAQ:CFRX)’s share price was up 9.1% during mid-day trading on Tuesday . The stock traded as high as $0.48 and last traded at $0.48. Approximately 640,500 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 1,282,658 shares. The stock had previously closed at $0.44.

Separately, ValuEngine upgraded shares of ContraFect from a “hold” rating to a “buy” rating in a report on Tuesday, November 6th.

The stock has a market capitalization of $37.85 million, a PE ratio of -1.19 and a beta of -0.48.

In related news, major shareholder Fosun Pharmaceutical Shanghai sold 600,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $2.04, for a total transaction of $1,224,000.00. Following the sale, the insider now directly owns 7,900,000 shares in the company, valued at approximately $16,116,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 6.70% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the stock. Federated Investors Inc. PA grew its holdings in shares of ContraFect by 6.8% during the 3rd quarter. Federated Investors Inc. PA now owns 6,407,500 shares of the biotechnology company’s stock valued at $13,264,000 after purchasing an additional 407,500 shares during the last quarter. Oracle Investment Management Inc. lifted its position in shares of ContraFect by 31.8% in the 3rd quarter. Oracle Investment Management Inc. now owns 4,250,384 shares of the biotechnology company’s stock worth $8,798,000 after purchasing an additional 1,025,651 shares during the period. Vanguard Group Inc. lifted its position in shares of ContraFect by 24.2% in the 3rd quarter. Vanguard Group Inc. now owns 2,634,428 shares of the biotechnology company’s stock worth $5,454,000 after purchasing an additional 512,940 shares during the period. Vanguard Group Inc lifted its position in ContraFect by 24.2% during the 3rd quarter. Vanguard Group Inc now owns 2,634,428 shares of the biotechnology company’s stock valued at $5,454,000 after acquiring an additional 512,940 shares during the period. Finally, AXA lifted its position in ContraFect by 196.0% during the 3rd quarter. AXA now owns 1,664,781 shares of the biotechnology company’s stock valued at $3,446,000 after acquiring an additional 1,102,264 shares during the period. 55.30% of the stock is currently owned by institutional investors and hedge funds.

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About ContraFect (NASDAQ:CFRX)

ContraFect Corporation, a clinical-stage biotechnology company, focuses on discovering and developing therapeutic protein and antibody products for the treatment of life-threatening infectious diseases in the United States. Its lead product candidates consist of CF-301, a lysin that is in Phase II human clinical trials for the treatment of Staphylococcus aureus bacteremia, including endocarditis caused by methicillin-resistant or methicillin-susceptible; and CF-404, a combination of monoclonal antibodies (mAbs), which is in preclinical trial stage for the treatment of life-threatening seasonal and pandemic varieties of human influenza.

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