Lexaria Bioscience Corp. (NASDAQ:LEXX - Get Free Report) CEO Richard Christopher acquired 22,828 shares of Lexaria Bioscience stock in a transaction on Monday, December 2nd. The shares were bought at an average cost of $2.24 per share, with a total value of $51,134.72. Following the completion of the transaction, the chief executive officer now owns 22,828 shares of the company's stock, valued at approximately $51,134.72. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Lexaria Bioscience Trading Up 20.5 %
Lexaria Bioscience stock opened at $2.70 on Wednesday. The company has a market capitalization of $47.12 million, a price-to-earnings ratio of -5.74 and a beta of 0.99. Lexaria Bioscience Corp. has a 12 month low of $1.20 and a 12 month high of $6.85. The stock's 50 day moving average is $2.58 and its 200-day moving average is $2.97.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright restated a "buy" rating and set a $10.00 target price on shares of Lexaria Bioscience in a research note on Monday.
Check Out Our Latest Report on LEXX
Institutional Inflows and Outflows
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Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in shares of Lexaria Bioscience by 31.0% during the third quarter. Geode Capital Management LLC now owns 150,391 shares of the company's stock worth $459,000 after purchasing an additional 35,608 shares during the period. XTX Topco Ltd raised its holdings in shares of Lexaria Bioscience by 47.8% during the 3rd quarter. XTX Topco Ltd now owns 18,626 shares of the company's stock worth $57,000 after buying an additional 6,024 shares in the last quarter. HighTower Advisors LLC acquired a new position in Lexaria Bioscience during the third quarter worth about $40,000. Armistice Capital LLC acquired a new position in Lexaria Bioscience during the 2nd quarter worth approximately $2,836,000. Finally, Renaissance Technologies LLC bought a new position in shares of Lexaria Bioscience in the 2nd quarter valued at $63,000. 13.06% of the stock is owned by institutional investors and hedge funds.
Lexaria Bioscience Company Profile
(
Get Free Report)
Lexaria Bioscience Corp. operates as a biotechnology company. It develops and out-licenses its patented drug delivery technology, DehydraTECH, which combines lipophilic molecules or active pharmaceutical ingredients with specific long-chain fatty acids and carrier compounds that improve the way they enter the bloodstream, increasing their effectiveness and allowing for lower overall dosing while promoting healthier oral ingestion methods.
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