Mirati Therapeutics Inc. ( MRTX ) President and CEO Charles M. Baum bought 20,000 shares on June 14 at an average price of $7.05 per share. The total transaction amount was $141,000.
Mirati Therapeutics has a market cap of $140.370 million; its shares were traded around $7.05.
Mirati Therapeutics' stock price has decreased from its initial price in 2009 of around $15 per share and also from its peak of a little above $45 per share in 2015.
Mirati Therapeutics has been working on several programs such as MGCD265 , MGCD516 AA and Mocetinostat . The company reports that its increase in research and development expenses is due to the conduction of these programs as well as third-party development expenses like manufacturing expenses.
GuruFocus has found two severe warning signs for Mirati Therapeutics:
- Low Piotroski F-Score.
- Sloan Ratio of 28.84%.
Braslyn Ltd., 10% owner,AA bought 468,098 shares of Mirati stock altogether in March, May and June.
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This article first appeared on GuruFocus .