Director N Coles of Cerevel Therapeutics Holdings Inc (NASDAQ:CERE) has sold 50,000 shares of the company, adding to the trend of insider activity. Cerevel Therapeutics focuses on developing treatments for neuroscience diseases such as Parkinson's disease and epilepsy.
Insider Sale at Cerevel Therapeutics: Director N Coles Sells 50,000 Shares
( Credit to: Uk )
Cerevel Therapeutics Holdings Inc (NASDAQ:CERE) has recently reported an insider sale, according to a filing with the Securities & Exchange Commission (SEC). On April 1, 2024, Director N Coles sold 50,000 shares of the company. This sale is part of a trend of insider activity at Cerevel Therapeutics, with 28 insider sells and 6 insider buys over the past year.
Cerevel Therapeutics Holdings Inc is a company dedicated to unraveling the mysteries of the brain and developing treatments for neuroscience diseases. Their focus includes Parkinson's disease, epilepsy, schizophrenia, and other brain disorders. By combining a deep understanding of neurocircuitry with advanced chemistry and pharmacology, the company aims to improve the lives of individuals with neurological conditions.
The recent sale by Director N Coles may be of interest to investors who follow insider activities as it could be an indicator of confidence in the company's prospects or for other strategic reasons. However, it is important to consider the broader context of the company's performance and market conditions when evaluating such transactions.
On the day of the sale, Cerevel Therapeutics Holdings Inc shares were trading at $42.33 each, giving the company a market cap of $7.686 billion.
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