A Director at Otonomy (NASDAQ: OTIC) is Selling Shares

By George MacDonald

Yesterday, a Director at Otonomy (NASDAQ: OTIC), Chau Quang Khuong, sold shares of OTIC for $1.94M.

In addition to Chau Quang Khuong, 10 other OTIC executives reported Sell trades in the last month.

The company has a one year high of $41.99 and a one year low of $16.50. OTIC’s market cap is $702.9M and the company has a P/E ratio of 10.8%. Currently, Otonomy has an average volume of 308.1k.

Looking at blogger coverage of OTIC, there is a 100% Bullish tendency on the stock, in relation to an 80% average bullish tendency within the Healthcare sector.

In the last 30 days, insiders have sold $23.28M worth of OTIC shares and purchased $2,557 worth of OTIC shares. Over the last 3 months, the insider sentiment on Otonomy has been negative based on 25 corporate insider transactions. This sentiment is lower than the average sector sentiment of insiders.

Otonomy Inc is a clinical-stage biopharmaceutical company. The Company is engaged in the development and commercialization of therapeutics for the treatment of diseases and disorders of the ear.