Oxford BioMedica plc (LON:OXB) Insider Lorenzo Tallarigo Acquires 17,702 Shares

Oxford BioMedica plc (LON:OXB) insider Lorenzo Tallarigo purchased 17,702 shares of Oxford BioMedica stock in a transaction dated Wednesday, May 23rd. The shares were bought at an average price of GBX 15 ($0.20) per share, for a total transaction of £2,655.30 ($3,535.22).

Lorenzo Tallarigo also recently made the following trade(s):

  • On Monday, April 23rd, Lorenzo Tallarigo acquired 22,055 shares of Oxford BioMedica stock. The stock was bought at an average price of GBX 12 ($0.16) per share, for a total transaction of £2,646.60 ($3,523.63).
  • On Thursday, March 22nd, Lorenzo Tallarigo acquired 22,066 shares of Oxford BioMedica stock. The stock was bought at an average price of GBX 12 ($0.16) per share, for a total transaction of £2,647.92 ($3,525.39).
  • On Friday, February 23rd, Lorenzo Tallarigo acquired 22,121 shares of Oxford BioMedica stock. The stock was bought at an average price of GBX 12 ($0.16) per share, for a total transaction of £2,654.52 ($3,534.18).

LON:OXB traded down GBX 13.20 ($0.18) on Thursday, reaching GBX 990 ($13.18). 278,461 shares of the company’s stock were exchanged, compared to its average volume of 6,890,000. Oxford BioMedica plc has a 52-week low of GBX 4.44 ($0.06) and a 52-week high of GBX 13.19 ($0.18).

Several brokerages recently issued reports on OXB. Peel Hunt restated a “buy” rating and issued a GBX 16 ($0.21) price objective on shares of Oxford BioMedica in a report on Tuesday, May 1st. Jefferies Financial Group lowered shares of Oxford BioMedica to a “hold” rating in a report on Wednesday.

Oxford BioMedica Company Profile

Oxford BioMedica plc, a biopharmaceutical company, researches, develops, and produces gene and cell therapy products for the treatment of ocular, neurodegenerative, and cancer diseases in Europe and rest of world. The company operates through Partnering and R&D segments. Its LentiVector platform technology integrates genes into non-dividing cells in the brain and the eye, as well as accommodates multiple therapeutic genes.

Insider Buying and Selling by Quarter for Oxford BioMedica (LON:OXB)

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Foxconn Launches Investigation After Reports Of Harsh Working Conditions At Its Factory Foxconn has announced that it has launched investigations into allegations of harsh working conditions at its factory. The company made the announcement after China Labor Watch, which is based in the New York, published a report that indicated Amazon’s workers were being subjected to many hours of work, inadequate training, low wages as well as over dependence on temporary workers. Undercover investigation Before compiling the report, an investigator from China Labor Watch went underground and acted as a worker in the factory. He then interviewed 20 workers, as well as took time to observe the conditions. During the period of investigation, the undercover investigator secured a position in the factory to clean Echo Dot speakers using a toothbrush soaked in rubbing alcohol to remove dust. In its investigation, China Labor Watch said around 40% of the employees at the factory were on temporary basis. This is far beyond the 10% that is legally allowed under the Chinese law. Additionally, the investigation also found out that dispatch employees were paid at the same rate for both regular and overtime hours. According to the investigation, the company was paying dispatch workers $2.26 per hour. Additionally, workers were working over 100 hours in over time every month during peak season. This is way beyond the 36 hours of overtime allowed under the law. Additionally, some workers worked for 14 consecutive days. Amazon’s audit In its response, Amazon said it carried out an audit of the factory and found that dispatch workers and overtime are matters of great concern. Amazon in a statement, said following the revelation, it requested Foxconn to put in place a corrective plan. Amazon said it is currently monitoring the response from Foxconn as well as the compliance with its Supplier Code of Conduct. Amazon expressed its commitment to ensuring that the matter is fully resolved. Echo Speakers Amazon, which is the largest online retailer in the world, sells a variety of devices. The company uses tablets and kindles to sell more digital books. Foxconn, which is based in Taiwan is the largest manufacturer of contract electronics in the world and has a headcount of over a million people. The company, which makes Apple iPhones made headlines following as series of suicides at its plant. The suicides were linked to poor working conditions at the plant to which the company responded with a promise to improve the working conditions.

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