Iradimed Corp (IRMD) Files Form 4 Insider Selling : Monty K Allen Sells 2,100 Shares

Iradimed Corp (IRMD): Monty K Allen , director of Iradimed Corp sold 2,100 shares on Jun 13, 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 $20.44 per share for a total value of $42,930.72 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 22, 2016, Steven M. Nardi (VP of Manufacturing) sold 192 shares at $17.00 per share price.On Feb 22, 2016, Serge Novovich (director) sold 2,910 shares at $17.23 per share price.Also, On Dec 23, 2015, Roger E. Susi (CEO, President) sold 156,521 shares at $23.28 per share price.On Dec 9, 2015, Brent Johnson (Exec. VP, Sales & Marketing) sold 22,659 shares at $30.89 per share price.

Shares of Iradimed Corp (IRMD) ended Friday, Jun 10, 2016 session in red amid volatile trading. The shares closed down -0.13 points or -0.61% at $21.35 with 60,450 shares getting traded. Post opening the session at $21.38, the shares hit an intraday low of $20.93 and an intraday high of $21.65 and the price vacillated in this range throughout the day. The company has a market cap of $233 M and the number of outstanding shares has been calculated to be 1,09,16,611 shares. The 52-week high of Iradimed Corp is $33.25 and the 52-week low is $14.045.

Iradimed Corp Money Flow Index Chart

IRADIMED CORPORATION (IRADIMED) develops manufactures markets and distributes Magnetic Resonance Imaging (MRI) compatible products and provides non-magnetic intravenous (IV) infusion pump systems. The Company’s electromechanical medical devices and pumps contain magnetic and electronic parts which generate radio frequency (RF) noise create interference and are dangerous to operate in the presence of the magnet which drives an MRI. The Company’s MRidium 3860+ MRI compatible IV infusion pump system consists of non-ferrous parts ceramic ultrasonic motors non-magnetic mobile stands and other special features to deliver anesthesia and other IV fluids during various MRI procedures. As of December 31 2014 the Company had approximately 2300 MRI compatible IV infusion pump systems installed globally. Each system consists of an MRidium MRI compatible IV infusion pump mobile stand and disposable IV tubing sets.

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