Joint Corp (JYNT) Files Form 4 Insider Selling : David M Orwasher Sells 5,000 Shares

Joint Corp (JYNT): David M Orwasher , Former Chief Dev/Strat Officer of Joint Corp sold 5,000 shares on Jul 11, 2016. The Insider selling transaction was reported by the company on Jul 13, 2016 to the Securities and Exchange Commission. The shares were sold at $2.13 per share for a total value of $10,651.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 29, 2016, David M Orwasher (Former Chief Dev/Strat Officer) sold 10,000 shares at $2.31 per share price.On Mar 30, 2016, Ronald V Davella (director) purchased 3,000 shares at $3.14 per share price.Also, On Mar 28, 2016, John B Richards (CEO) purchased 3,295 shares at $2.98 per share price.On Mar 24, 2016, Richard A Kerley (director) purchased 900 shares at $3.41 per share price.

Joint Corp: On Monday, Jul 11, 2016 heightened volatility was witnessed in Joint Corp which led to swings in the share price. The shares opened for trading at $2.1 and hit $2.25 on the upside , eventually ending the session at $2.23, with a gain of 7.73% or 0.16 points. The heightened volatility saw the trading volume jump to 56,016 shares. The 52-week high of the share price is $10.22 and the company has a market cap of $28 M . The 52-week low of the share price is at $1.85.

Joint Corp Money Flow Index Chart

Company has been under the radar of several Street Analysts.Joint Corp is Reiterated by Maxim Group to Buy while Lowering the Price Target of the company shares to $ 5 from a previous price target of $8 . The Rating was issued on Jul 1, 2016.Joint Corp is Downgraded by Feltl & Co. to Buy. Earlier the firm had a rating of Strong Buy on the company shares. The Rating was issued on Jun 24, 2016.

The Joint Corp. is a franchisor and an operator of chiropractic clinics that uses a private pay non-insurance cash-based model. The Company is engaged in franchising chiropractic clinics selling regional developer rights and supporting the operations of franchised chiropractic clinics at locations throughout the United States. Its clinics offer membership and wellness packages. The Company’s patients arrive at its clinics without appointments. Once a patient has joined the Company’s system and is returning for treatment they swipe their membership card at a card reader at the reception desk to announce their arrival. The patient is then escorted to an open adjustment area where they are required to remove their outerwear to receive their adjustment. Each patient’s records are digitally updated for ready retrieval in the Company’s data storage system by its chiropractors in compliance with all applicable medical records security and privacy regulations.

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