MeiraGTx Holdings (MGTX) Soars 3.72% on CEO Share Sale, Rating Upgrade

MeiraGTx Holdings (MGTX) shares surged 3.72% today, marking the fifth consecutive day of gains, with a cumulative increase of 29.17% over the past five days. The stock price reached its highest level since March 2025, with an intraday gain of 6.69%.

On July 9, 2025, Alexandria Forbes, President and CEO of MeiraGTx Holdings PLC, sold 47,500 shares of the company. This insider selling activity may have influenced the recent stock price movement of MeiraGTx Holdings. Additionally, the stock was upgraded from a "sell" rating to a "hold" rating, which could also impact investor sentiment and stock performance.

The insider selling by the company's CEO could be seen as a potential red flag for investors, as it may indicate that the CEO has concerns about the company's future prospects. However, the upgrade in the stock rating from a "sell" to a "hold" suggests that some analysts still see potential in the company's stock. Investors will be closely watching the company's performance in the coming weeks to see if the recent gains can be sustained.