Corvel Corp (CRVL) Files Form 4 Insider Selling : Holdings Inc Corstar Sells 20,938 Shares

Corvel Corp (CRVL): Holdings Inc Corstar , 10% owner of Corvel Corp sold 20,938 shares on Jun 15, 2016. The Insider selling transaction was reported by the company on Jun 17, 2016 to the Securities and Exchange Commission. The shares were sold at $45.16 per share for a total value of $945,564.25 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 14, 2016, Holdings Inc Corstar (10% owner) sold 79,062 shares at $46.27 per share price.On Jun 10, 2016, Jeffrey J Michael (director 10% owner) sold 4,000 shares at $48.53 per share price.Also, On Jun 8, 2016, Michael G Combs (Chief Information Officer) sold 7,400 shares at $49.95 per share price.On Jun 8, 2016, Jean Macino (director) sold 7,500 shares at $50.01 per share price.

CorVel Corporation: On Wednesday, Jun 15, 2016 heightened volatility was witnessed in CorVel Corporation which led to swings in the share price. The shares opened for trading at $45.22 and hit $46.2 on the upside , eventually ending the session at $45.98, with a gain of 2.27% or 1.02 points. The heightened volatility saw the trading volume jump to 75,127 shares. The 52-week high of the share price is $53.19 and the company has a market cap of $900 M . The 52-week low of the share price is at $29.27.

CorVel Corporation Money Flow Index Chart

CorVel Corporation (Corvel) is a provider of workers’ compensation solutions for employers third party administrators insurance companies and Government agencies. The Company offers its services as a bundled solution which includes claims management as a standalone service or as add-on services to existing customers. The Company offers services in two general categories network solutions and patient management. Its network solutions include bill review preferred provider organization (PPO) management professional review provider reimbursement pharmacy services directed care services Medicare solutions and clearinghouse services. The Company’s patient management services include claims management case management 24/7 nurse triage utilization management vocational rehabilitation life care planning disability management liability claims management and auto claims management. CareMC is an application platform for all of the Company’s primary service lines.

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