Cyclacel Pharmaceuticals, Inc. (NASDAQ:CYCC) CEO David E. Lazar Sells 194,628,820 Shares

Cyclacel Pharmaceuticals, Inc. (NASDAQ:CYCC) CEO David E. Lazar sold 194,628,820 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $0.03, for a total transaction of $5,838,864.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Cyclacel Pharmaceuticals Stock Down 10.1 %

Shares of CYCC traded down $0.04 during mid-day trading on Friday, hitting $0.33. 646,608 shares of the company’s stock traded hands, compared to its average volume of 3,496,908. The business’s 50-day moving average price is $0.36 and its 200-day moving average price is $0.65. The firm has a market capitalization of $2.08 million, a P/E ratio of -0.04 and a beta of 0.35. Cyclacel Pharmaceuticals, Inc. has a 1 year low of $0.30 and a 1 year high of $4.00.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Cyclacel Pharmaceuticals in a research note on Thursday. They set a “sell” rating on the stock.

About Cyclacel Pharmaceuticals

Cyclacel Pharmaceuticals, Inc, a clinical-stage biopharmaceutical company, develops medicines for the treatment of cancer and other proliferative diseases in the United States, the United Kingdom, and internationally. The company's lead product includes fadraciclib, a cyclin dependent kinase Inhibitors (CDK) that is in Phase 1/2 clinical trial for the treatment of solid tumors and hematological malignancies, as well as in combination with venetoclax to treat relapsed or refractory chronic lymphocytic leukemia; and Plogosertib, a polo-like kinase inhibitor program, which is in Phase 1/2 clinical trial for the treatment of advanced solid tumors and hematological malignancies.