StockNews.com downgraded shares of CorVel (NASDAQ:CRVL – Free Report) from a buy rating to a hold rating in a research note published on Monday.
CorVel Stock Down 1.6 %
CRVL opened at $240.15 on Monday. The business has a 50 day moving average price of $251.23 and a two-hundred day moving average price of $240.44. The company has a market cap of $4.11 billion, a PE ratio of 54.58 and a beta of 1.08. CorVel has a 52 week low of $187.92 and a 52 week high of $281.41.
Insider Buying and Selling at CorVel
In other news, Chairman V Gordon Clemons sold 2,000 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $277.00, for a total transaction of $554,000.00. Following the completion of the transaction, the chairman now directly owns 266,584 shares of the company’s stock, valued at approximately $73,843,768. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Chairman V Gordon Clemons sold 2,000 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $277.00, for a total transaction of $554,000.00. Following the completion of the transaction, the chairman now directly owns 266,584 shares of the company’s stock, valued at approximately $73,843,768. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Brandon O’brien sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $276.95, for a total value of $276,950.00. Following the completion of the sale, the chief financial officer now owns 7,305 shares in the company, valued at approximately $2,023,119.75. The disclosure for this sale can be found here. 48.71% of the stock is owned by company insiders.
Institutional Investors Weigh In On CorVel
About CorVel
CorVel Corporation provides workers' compensation, auto, liability, and health solutions for employers, third party administrators, insurance companies, and government agencies to assist them in managing the medical costs and monitoring the quality of care associated with healthcare claims. It applies technology, including artificial intelligence, machine learning, and natural language processing to enhance the managing of episodes of care and the related health care costs.
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