Wesbanco Bank Inc. Purchases New Holdings in Grail, Inc. (NASDAQ:GRAL)

Wesbanco Bank Inc. acquired a new position in Grail, Inc. (NASDAQ:GRAL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 29,300 shares of the company’s stock, valued at approximately $523,000.

Several other large investors have also modified their holdings of GRAL. Douglas Lane & Associates LLC purchased a new stake in shares of Grail in the fourth quarter worth approximately $3,034,000. A. D. Beadell Investment Counsel Inc. purchased a new position in Grail during the 4th quarter valued at $430,000. FNY Investment Advisers LLC purchased a new stake in Grail in the fourth quarter worth $26,000. 180 Wealth Advisors LLC bought a new stake in shares of Grail during the fourth quarter worth $1,681,000. Finally, B & T Capital Management DBA Alpha Capital Management purchased a new stake in shares of Grail during the fourth quarter valued at $387,000.

Wall Street Analyst Weigh In

Several research analysts recently commented on GRAL shares. Wolfe Research started coverage on shares of Grail in a research note on Friday, November 15th. They issued a “peer perform” rating on the stock. Morgan Stanley began coverage on shares of Grail in a research report on Wednesday, November 27th. They set an “equal weight” rating and a $16.00 target price on the stock. Finally, Guggenheim assumed coverage on Grail in a report on Thursday, October 17th. They issued a “neutral” rating for the company.

Insider Activity at Grail

In related news, CFO Aaron Freidin sold 30,452 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $14.02, for a total transaction of $426,937.04. Following the completion of the sale, the chief financial officer now directly owns 268,277 shares in the company, valued at $3,761,243.54. This represents a 10.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Grail Stock Performance

Shares of Grail stock opened at $28.61 on Friday. The stock’s fifty day moving average price is $19.04 and its 200-day moving average price is $16.24. Grail, Inc. has a 12 month low of $12.33 and a 12 month high of $29.79.

Grail (NASDAQ:GRAL) last posted its earnings results on Tuesday, November 12th. The company reported ($3.94) EPS for the quarter. The business had revenue of $28.65 million for the quarter. On average, equities research analysts forecast that Grail, Inc. will post -65.16 earnings per share for the current year.

About Grail

GRAIL, Inc is a healthcare company. It engages in the development of a technology for early detection of cancer. The company was founded by Jeffrey T. Huber, William H. Rastetter, and Mostafa Ronaghi on September 11, 2015 and is headquartered in Menlo Park, CA.