Amgen SVP Nancy Grygiel Sells Shares Amid Company's Strong Quarterly Earnings

Amgen Inc., (NASDAQ: AMGN) reported that SVP Nancy Grygiel sold 2,970 shares of the company's stock on August 6th. The shares were sold at an average price of $402.16, for a total value of $1,194,415.20.

Grygiel owned 7,340 shares of Amgen's stock after this sale, valued at approximately $2,951,854.40. This represents a 28.81% decrease in their ownership of the company.

The news comes as Amgen's stock has been performing well. On Friday, August 6th, shares traded up $6.10 to reach $410.95, with a trading volume of 1,821,460 shares.

This is in line with Amgen's quarterly earnings release on August 4th, which reported revenue of approximately $10.05 billion, up 9.5% year over year, while adjusted earnings of $6.29 per share surpassed the $5.62 consensus estimate.