The President and General Counsel of Amphastar Pharmaceuticals (NASDAQ: AMPH) is Selling Shares

Yesterday, the President and General Counsel of Amphastar Pharmaceuticals (AMPHResearch Report), Jason Shandell, sold shares of AMPH for $973.9K.

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Based on Amphastar Pharmaceuticals’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $89.69 million and quarterly net profit of $1.87 million. In comparison, last year the company earned revenue of $60.4 million and had a net profit of $1.47 million. Currently, Amphastar Pharmaceuticals has an average volume of 258.3K.

Based on 5 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $24.67, reflecting a 21.1% upside.

The insider sentiment on Amphastar Pharmaceuticals has been negative according to 62 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Amphastar Pharmaceuticals, Inc. engages in the development, manufacture, market, and sale of technically challenging and proprietary injectable, inhalation, and intranasal products. It operates through Finished Pharmaceutical Products, and Active Pharmaceutical Ingredients Products segments.

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