Elizabeth Reed Sells 2,076 Shares of Travere Therapeutics (NASDAQ:TVTX) Stock

Market Beat
2026.05.07 12:35
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Elizabeth Reed, an insider at Travere Therapeutics, sold 2,076 shares of the company's stock at an average price of $43.95, totaling $91,240.20. This sale, executed under a Rule 10b5-1 trading plan, reduced her stake by 1.93%. The company recently reported a Q1 EPS of $0.05, beating estimates, and a 55.6% revenue increase year-over-year. Multiple executives have sold shares, raising concerns about short-term selling pressure. Analysts have upgraded price targets following positive earnings, with TD Cowen raising its target to $60 and Wells Fargo to $50.