Abiomed Inc (ABMD) Files Form 4 Insider Selling : Michael R Minogue Sells 28,039 Shares

Abiomed Inc (ABMD): Michael R Minogue , President, CEO, Chairman of Abiomed Inc sold 28,039 shares on Sep 22, 2016. The Insider selling transaction was reported by the company on Sep 23, 2016 to the Securities and Exchange Commission. The shares were sold at $127.07 per share for a total value of $3,562,823.25 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 21, 2016, Michael R Minogue (President, CEO, Chairman) sold 63,744 shares at $127.04 per share price.On Aug 17, 2016, Dorothy E Puhy (director) sold 5,160 shares at $123.94 per share price.Also, On Aug 10, 2016, Michael G Howley (VP, Global Sales & Marketing) sold 17,853 shares at $119.27 per share price.On Aug 3, 2016, Paul Thomas (director) sold 10,000 shares at $118.65 per share price.

Shares of ABIOMED (ABMD) ended Thursday, Sep 22, 2016 session in red amid volatile trading. The shares closed down -0.53 points or -0.42% at $126.37 with 3,34,204 shares getting traded. Post opening the session at $127.86, the shares hit an intraday low of $126.17 and an intraday high of $127.86 and the price vacillated in this range throughout the day. The company has a market cap of $5,438 M and the number of outstanding shares has been calculated to be 4,30,34,341 shares. The 52-week high of ABIOMED is $127.19 and the 52-week low is $67.805.

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Abiomed Inc. is a provider of temporary percutaneous mechanical circulatory support devices. The Company offers care to heart failure patients. The Company’s products include Impella 2.5 a percutaneous micro heart pump with an integrated motor and sensors; Impella CP which is primarily used by either interventional cardiologists to support patients in the catheter lab or by surgeons in the heart surgery suite; Impella 5.0 and Impella LD a percutaneous micro heart pumps with integrated motors and sensors for use primarily in the heart surgery suite; Impella RP a percutaneous catheter-based axial flow pump that is designed to allow greater than four liters of flow per minute; AB5000 a circulatory support system for the temporary support of acute heart failure patients in profound shock and Symphony a minimally invasive implantable cardiac assist device.

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