Joint Corp (JYNT) Files Form 4 Insider Selling : David M Orwasher Sells 2,400 Shares

Joint Corp (JYNT): David M Orwasher , Chief Dev. & Strategy Officer of Joint Corp sold 2,400 shares on Jun 1, 2016. The Insider selling transaction was reported by the company on Jun 2, 2016 to the Securities and Exchange Commission. The shares were sold at $3.05 per share for a total value of $7,320.00 , 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 8, 2016, David M Orwasher (Chief Dev. & Strategy Officer) purchased 1,000 shares at $3.25 per share price.On Mar 30, 2016, Ronald V Davella (director) purchased 3,000 shares at $3.14 per share price.Also, On Mar 28, 2016, John B Richards (CEO) purchased 3,295 shares at $2.98 per share price.On Mar 24, 2016, Richard A Kerley (director) purchased 900 shares at $3.41 per share price.

Joint Corp: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in Joint Corp which led to swings in the share price. The shares opened for trading at $2.97 and hit $3.09 on the upside , eventually ending the session at $3.08, with a gain of 3.36% or 0.1 points. The heightened volatility saw the trading volume jump to 18,453 shares. The 52-week high of the share price is $12.9899 and the company has a market cap of $39 M . The 52-week low of the share price is at $2.65.

Joint Corp Money Flow Index Chart

The Joint Corp. is a franchisor and an operator of chiropractic clinics that uses a private pay non-insurance cash-based model. The Company is engaged in franchising chiropractic clinics selling regional developer rights and supporting the operations of franchised chiropractic clinics at locations throughout the United States. Its clinics offer membership and wellness packages. The Company’s patients arrive at its clinics without appointments. Once a patient has joined the Company’s system and is returning for treatment they swipe their membership card at a card reader at the reception desk to announce their arrival. The patient is then escorted to an open adjustment area where they are required to remove their outerwear to receive their adjustment. Each patient’s records are digitally updated for ready retrieval in the Company’s data storage system by its chiropractors in compliance with all applicable medical records security and privacy regulations.

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