Breaking Finance News

Why BioScrip is Down 10 Percent Tuesday (BIOS)

Shares of BioScrip (NASDAQ: BIOS) are down about 10 percent in midday trading Tuesday. Friday, the company announced that Vice President Patricia Bogusz sold 39,687 shares at an average price of $11.94 for a total amount of $473,862.78. Following the transaction, Bogusz now owns 5,088 shares.

Analysts have been mixed on the stock. Sidoti upgraded the stock from “Neutral” to “Buy” and Zacks reiterated its “Neutral” weighting but up its price target to $15.00. The stock has a mean price target of $16.92

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[stock-tools exchange="NASDAQ" symbol="BIOS" image_height="230" image_width="350"]

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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