Larimar Therapeutics (NASDAQ:LRMR) reported quarterly losses of $(0.21) per share which beat the analyst consensus estimate of $(0.37) by 43.24 percent. This is a 58 percent increase over losses of $(0.50) per share from
The Dow Jones dropped by more than 300 points on Tuesday. Investors, meanwhile, focused on some notable insider trades.
When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.
JMP Securities analyst Jonathan Wolleben maintains Larimar Therapeutics (NASDAQ:LRMR) with a Market Outperform and raises the price target from $10 to $16.