Corvel Corp (CRVL) Files Form 4 Insider Selling : Holdings Inc Corstar Sells 79,062 Shares

Corvel Corp (CRVL): Holdings Inc Corstar , 10% owner of Corvel Corp sold 79,062 shares on Jun 10, 2016. The Insider selling transaction was reported by the company on Jun 14, 2016 to the Securities and Exchange Commission. The shares were sold at $46.27 per share for a total value of $3,645,256.50 , 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 10, 2016, Jeffrey J Michael (director 10% owner) sold 4,000 shares at $48.53 per share price.On Jun 9, 2016, Holdings Inc Corstar (10% owner) sold 95,000 shares at $48.84 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.

Shares of CorVel Corporation (CRVL) ended Friday, Jun 10, 2016 session in red amid volatile trading. The shares closed down -0.53 points or -1.12% at $46.62 with 73,577 shares getting traded. Post opening the session at $46.91, the shares hit an intraday low of $46.45 and an intraday high of $47.72 and the price vacillated in this range throughout the day. The company has a market cap of $913 M and the number of outstanding shares has been calculated to be 1,95,77,086 shares. The 52-week high of CorVel Corporation is $53.19 and the 52-week low is $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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