SAN DIEGO (FOX 5/KUSI) — The former vice president of Acadia Pharmaceuticals Inc.[headquartered in Sorrento Valley] pleaded guilty Friday to insider trading.George Demos, 64, of San Diego, knew about negative news that involved the labeling process for a prescription drug with the Food and Drug Administration. Demos admitted to avoiding a $1.3 million loss by illegally selling 60,000 company shares two hours before the news was made public.His Acadia stock sold at $46.61 per share before the press release was issued to the public while the stock price dropped 45% to $25.02 per share after the announcement.
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SAN DIEGO (FOX 5/KUSI) — The former vice president of Acadia...
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$17.13 |
Change
0.500(3.01%) |
Mkt cap ! $2.117B | |||
| Open | High | Low | Value | Volume |
| $16.80 | $17.15 | $16.63 | $2.433M | 144.1K |
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| No. | Vol. | Price($) |
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| 8 | 206 | $17.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.15 | 256 | 5 |
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