What Did This CEO Just Do with Personal Shares of Madrigal Pharmaceuticals Inc (NASDAQ: MDGL)?

By Carrie Williams

Yesterday, the CEO of Madrigal Pharmaceuticals Inc (NASDAQ: MDGL), Paul A. Friedman, sold shares of MDGL for $21.14M.

In addition to Paul A. Friedman, 4 other MDGL executives reported Sell trades in the last month. This is Friedman’s first transaction since reporting a Sell transaction on INCY back in November 2017

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The Company has a Price to Book ratio of 22.7381. Currently, Madrigal Pharmaceuticals Inc has an average volume of 562.6K.

Based on 7 analyst ratings, the analyst consensus is Strong Buy with an average price target of $321.17, reflecting a -12.0% downside. One of the top 25 analysts, according to TipRanks.com, recently recommended Buy MDGL with a $400 price target.

In the last 30 days, insiders have sold $180.4M worth of MDGL shares and purchased $22.83M worth of MDGL shares.

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Madrigal Pharmaceuticals, Inc. engages on the development and commercialization of innovative therapeutic candidates for the treatment of cardiovascular, metabolic, and liver diseases. Its lead product, MGL-3196, is used for the treatment of non-alcoholic steatohepatitis and familial hypercholesterolemia.