CTI BioPharma Corp. (NASDAQ:CTIC – Get Rating) was down 3.6% during trading on Wednesday following insider selling activity. The company traded as low as $5.65 and last traded at $5.65. Approximately 87,103 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 2,188,158 shares. The stock had previously closed at $5.86.Specifically, Director Michael A. Metzger sold 91,500 shares of CTI BioPharma stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $5.58, for a total transaction of $510,570.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Adam R. Craig sold 84,683 shares of CTI BioPharma stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $6.01, for a total transaction of $508,944.83. Following the completion of the sale, the chief executive officer now directly owns 29,440 shares of the company’s stock, valued at approximately $176,934.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Michael A. Metzger sold 91,500 shares of CTI BioPharma stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $5.58, for a total value of $510,570.00. The disclosure for this sale can be found here. In the last three months, insiders sold 203,204 shares of company stock worth $1,181,911. 10.20% of the stock is owned by company insiders.