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Rhythm Pharmaceuticals (NASDAQ:RYTM) CAO Sells $502,789.84 in Stock
Rhythm Pharmaceuticals’ CAO, Christopher Paul German, sold 5,614 shares of the company’s stock on March 4th for a total of $502,789.84, significantly reducing his ownership. Despite the sale, institutional investors like Vanguard Group Inc. and RA Capital Management L.P. have increased their holdings in RYTM. The company recently reported better-than-expected quarterly earnings but remains unprofitable, with analysts holding a “Moderate Buy” rating and an average target price of $132.07.