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QIAGEN adjusts board member shareholding after synthetic share consolidation

Story Highlights
  • QIAGEN implemented a share consolidation tied to its synthetic repurchase, converting every 20 shares into 19.
  • Board member Stephen H. Rusckowski’s holdings were reduced by two shares to 22 common shares under this adjustment.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
QIAGEN adjusts board member shareholding after synthetic share consolidation

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The latest update is out from Qiagen ( (QGEN) ).

QIAGEN N.V. has disclosed a managers’ transaction involving board member Stephen H. Rusckowski following the company’s previously announced synthetic share repurchase program. Under the terms of this capital measure, which consolidated every 20 issued QIAGEN shares into 19, Rusckowski’s holdings were adjusted, resulting in a reduction of two shares to a total of 22 common shares, in a transaction executed outside a trading venue and not quantifiable in conventional price-volume terms.

The most recent analyst rating on (QGEN) stock is a Hold with a $48.00 price target. To see the full list of analyst forecasts on Qiagen stock, see the QGEN Stock Forecast page.

More about Qiagen

QIAGEN N.V. is a Netherlands-based life sciences and diagnostics company whose shares trade in Frankfurt and on several other European exchanges as well as on the NYSE and Swiss markets. The company focuses on sample and assay technologies used in molecular diagnostics, applied testing, academic research and pharmaceutical development.

Average Trading Volume: 1,155,025

Technical Sentiment Signal: Strong Buy

Current Market Cap: $9.99B

Learn more about QGEN stock on TipRanks’ Stock Analysis page.

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