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buyModerate cluster of 2

Opaleye Management Inc. bought $241k of TCON

owner at Tracon Pharmaceuticals, Inc.. 174,508 shares at an average of $1.38, traded Mar 9, 2023, filed Mar 13, 2023.

Conviction score
43
Value
$241k
174,508 shares
Holdings after
4,324,508
+4% from before
From 52-week low
-
no price yet
From 52-week high
-
no price yet

Score components

  • Role
    10% owner
    +12
  • Trade size
    $241k at market
    +13
  • Relative to holdings
    Holdings up 4.2%
    0
  • Price context
    No price history yet
    0
  • Cluster
    2 insiders buying within 14 days
    +8
  • Repeat buying
    2 buys in 90 days
    +5
  • Track record
    Median 6-month excess return +31% over 61 past buys
    +10
  • Outside holder
    A 10% owner who is not an officer or director
    -5

What happened after comparable buys

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

Rows in this filing

Every transaction in Form 4 0001493152-23-007400, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Mar 9, 2023POpen-market purchase
Common Stock, par value $0.001 per shareindirect: By Opaleye, L.P.
+174,508$1.38$241k4,324,508Mar 13, 2023

Related signals

Other insiders at Tracon Pharmaceuticals, Inc. and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
57Moderate
TCONsell
Tracon Pharmaceuticals, Inc.
Opaleye Management Inc.
owner
$1.4M
4,764,008 shares
-110%
39Weak
TCONbuy
Tracon Pharmaceuticals, Inc.
Charles Theuer
President and CEO
$38k
50,999 shares
+15%
38Weak
TCONbuy 2
Tracon Pharmaceuticals, Inc.
Charles Theuer
President and CEO
$7,600
5,000 shares
+1%
15Weak
TCONsell
Tracon Pharmaceuticals, Inc.
William R Larue
director
$151
120 shares
-2%
30Weak
TCONbuy
Tracon Pharmaceuticals, Inc.
Charles Theuer
President and CEO
$11k
6,800 shares
+2%
25Weak
TCONbuy
Tracon Pharmaceuticals, Inc.
Scott B. Brown
Chief Financial Officer
$5,215
3,500 shares
+19%
42Moderate
TCONbuy 2
Tracon Pharmaceuticals, Inc.
Opaleye Management Inc.
owner
$210k
167,500 shares
+4%
46Moderate
TCONbuy 2
Tracon Pharmaceuticals, Inc.
Charles Theuer
President and CEO
$30k
23,000 shares
+7%
12Weak
TCONsell
Tracon Pharmaceuticals, Inc.
Opaleye Management Inc.
owner
$2,216
1,539 shares
-0%
30Weak
TCONbuy
Tracon Pharmaceuticals, Inc.
Charles Theuer
President and CEO
$20k
13,900 shares
+5%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

Opaleye Management Inc. bought $241k of TCON | InsiderTell