Apnimed (NASDAQ:APMD) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Apnimed (NASDAQ:APMDFree Report) to a hold rating in a research report report published on Saturday morning.

Apnimed Stock Performance

Shares of NASDAQ:APMD opened at $27.00 on Friday. Apnimed has a one year low of $16.12 and a one year high of $29.15.

Insider Buying and Selling

In other Apnimed news, major shareholder Morningside Venture Investment bought 312,500 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was bought at an average price of $16.00 per share, for a total transaction of $5,000,000.00. Following the transaction, the insider owned 7,152,713 shares of the company’s stock, valued at approximately $114,443,408. The trade was a 4.57% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Apnimed Company Profile

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Apnimed Inc is a late stage clinical pharmaceutical company dedicated to the discovery, development and commercialization of novel oral therapies which address the neurobiology of sleep-related breathing diseases. Apnimed Inc is based in CAMBRIDGE, Mass.

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