Ardelyx Shares Rise as Chairman Mott Increases Stake in Company

Dow Jones
01-23
 

By Sabela Ojea

 

Shares of Ardelyx rose after the company disclosed that its chairman, David Mott, has increased its stake in the company.

The stock was up 7.1%, to $5.41, in Wednesday post-market trading. Through the close, shares have dropped 41% over the past 12 months.

Mott, who has served as the biotechnology's chairman of the board since 2009, acquired 199,000 shares in the company, according to a Securities and Exchange Commission filing.

 

Write to Sabela Ojea at sabela.ojea@wsj.com

 

(END) Dow Jones Newswires

January 22, 2025 18:25 ET (23:25 GMT)

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