Insider’s Confidence in Regulus Therapeutics (RGLS); Micron Technology (MU) Beats Profit Expectations

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Shares of Regulus Therapeutics Inc. (Nasdaq:RGLS) climbed 12.00% (or +$0.15) to $1.40 on Friday’s trading session after its Chairman of the Board, Stelios B. Papadopoulos, disclosed in a regulatory filing ( FORM 4 ) with the Securities and Exchange Commission (SEC) that he purchased recently 200,000 shares (at an average price of $1.199 each) and 300,000 shares (at an average price of $1.227 each) of the biopharmaceutical company.

Earlier this month, the company reported fourth quarter 2016 revenue of $18,000 and a net loss of ($20.02) million, or ($0.38) per share for the period.

Regulus Therapeutics,which focuses on the discovery and development of drugs that target RNAs to treat a range of diseases, has 52.93M shares outstanding, market capitalization (intraday) of $74.11M and and RGLS stock 52-week range is from $0.94 to $8.90 per share.

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Micron Technology, Inc. (Nasdaq:MU) shares soared to touch a new 52-week high of $29.87 in intraday trading Friday after the company delivered stronger-than-expected quarterly profit numbers in its financial results.

For its second quarter fiscal 2017, Micron posted revenues of $4.65 billion, a 58% increase year over year, and non-GAAP net income of $1.03 billion, or $0.90 per diluted share, compared to non-GAAP net income of $12 million, or $0.01 per diluted share in the same quarter the prior year, topping the Capital IQ Consensus Estimate of $0.86 earnings per share on revenues of $4.65 billion for the period

MU stock closed at $28.43, up $1.96 (or +7.40%) with a total volume of 107.48M shares traded during the day, representing a large increase in activity verus its average volume (3m) of 26.45M shares.

Micron Technology, which provides semiconductor systems worldwide, has 1.10B shares outstanding, market capitalization (intraday) of $31.35B and MU stock one-year range is now between $9.35 and $29.87 per share.

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