Varian Medical Systems Inc (VAR): Timothy E Guertin , director of Varian Medical Systems Inc sold 4,000 shares on May 2, 2016. The Insider selling transaction was reported by the company on May 3, 2016 to the Securities and Exchange Commission. The shares were sold at $81.55 per share for a total value of $326,209.59 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 21, 2016, Elisha W Finney (Exec VP and CFO) sold 4,000 shares at $85.95 per share price.On Apr 19, 2016, Clarence R Verhoef (SVP, Finance, Corp Controller) sold 2,500 shares at $85.00 per share price.Also, On Mar 24, 2016, Dow R Wilson (President and CEO) sold 45,650 shares at $78.86 per share price.On Mar 7, 2016, Timothy E Guertin (director) sold 4,000 shares at $79.52 per share price.
Varian Medical Systems: On Monday, May 2, 2016 heightened volatility was witnessed in Varian Medical Systems which led to swings in the share price. The shares opened for trading at $81.39 and hit $82.06 on the upside , eventually ending the session at $82.06, with a gain of 1.08% or 0.88 points. The heightened volatility saw the trading volume jump to 6,85,342 shares. The 52-week high of the share price is $90.78 and the company has a market cap of $7,837 M . The 52-week low of the share price is at $71.07.
Company has been under the radar of several Street Analysts.Varian Medical Systems is Reiterated by RBC Capital Mkts to Sector Perform while Lowering the Price Target of the company shares to $ 84 from a previous price target of $86 . The Rating was issued on Feb 17, 2016.
Varian Medical Systems Inc. is a manufacturer of medical devices and software for treating cancer and other medical conditions with radiotherapy radiosurgery proton therapy and brachytherapy. The Company is a supplier of X-ray imaging components for medical scientific and industrial applications and supplies X-ray imaging products for cargo screening and industrial inspection. The Company offers tools for fighting cancer taking X-ray images and protecting ports and borders. The Companys products include linear accelerators brachytherapy afterloaders treatment simulation and verification equipment accessories information management treatment planning and image processing software. The Companys customers include university research and community hospitals private and governmental institutions healthcare agencies doctors offices and cancer care clinics.