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Indebta > Investing > Lyra Therapeutics Shares Rise 11% as Investors Boost Holdings
Investing

Lyra Therapeutics Shares Rise 11% as Investors Boost Holdings

News Room
Last updated: 2023/06/04 at 12:05 AM
By News Room
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By Denny Jacob

Lyra Therapeutics shares rose 11% to $3.11 in after-hours trading on Friday following a flurry of insider purchases.

The stock, which closed up 3.7% at $2.80, is down 11% on the year and 51% in the last 12 months.

A report on Friday showed that shareholder Perceptive Advisors purchased 3.6 million shares at $2.49 a share, raising its total stake to roughly 12.8 million shares. Shareholder Nbvm GP bought 1.8 million shares at $2.43 a share, bringing its total to about 5.9 million shares. Director Edward Anderson executed a purchase matching Nbvm’s, giving him around 6 million shares.


Write to Denny Jacob at denny.jacob@wsj.com


Read the full article here

News Room June 4, 2023 June 4, 2023
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