Syncona (LON:SYNC) Trading Up 1.9% – Here’s Why

Syncona (LON:SYNC) shares were up 1.9% during trading on Monday . The stock traded as high as GBX 108 and last traded at GBX 107.80. 154,601 shares were traded during mid-day trading, a decline of 78% from the average session volume of 699,877 shares. The stock had previously closed at GBX 105.75.

Syncona Trading Up 1.5%

The stock has a 50-day simple moving average of GBX 102.27 and a 200-day simple moving average of GBX 97.15. The company has a market cap of £650.77 million, a price-to-earnings ratio of -73.79 and a beta of 0.35.

Insider Buying and Selling at Syncona

In related news, insider John Roche acquired 16,063 shares of Syncona stock in a transaction that occurred on Friday, June 19th. The stock was acquired at an average price of GBX 100 per share, with a total value of £16,063. 0.75% of the stock is currently owned by corporate insiders.

About Syncona

Syncona’s purpose is to invest to extend and enhance human life. We do this by creating, building and scaling companies to deliver transformational treatments to patients in areas of high unmet need. We aim to build and maintain a diversified portfolio of 20-25 globally leading life science businesses, across development stage, modality and therapeutic area, for the benefit of all our stakeholders. We focus on developing treatments that deliver patient impact by working in close partnership with world-class academic founders and experienced management teams.