Medifast Inc (MED): Balanced Master Fund, L Visium , 10% owner of Medifast Inc sold 1,350,000 shares on May 27, 2016. The Insider selling transaction was reported by the company on Jun 1, 2016 to the Securities and Exchange Commission. The shares were sold at $31.62 per share for a total value of $40830864 , 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 5, 2016, Margaret Sheetz (President & COO) sold 8,333 shares at $30.02 per share price.On Aug 7, 2015, Glenn W. Welling (director) purchased 1,199 shares at $30.00 per share price.Also, On Jun 15, 2015, Barry B Bondroff (director) sold 1,666 shares at $31.93 per share price.On Jun 8, 2015, John P Mcdaniel (director) sold 3,000 shares at $32.14 per share price.
Medifast Inc: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in Medifast Inc which led to swings in the share price. The shares opened for trading at $31.83 and hit $33.11 on the upside , eventually ending the session at $32.7, with a gain of 2.48% or 0.79 points. The heightened volatility saw the trading volume jump to 4,94,214 shares. The 52-week high of the share price is $35.3193 and the company has a market cap of $387 M . The 52-week low of the share price is at $26.14.
Medifast Inc. (Medifast) is engaged in the production distribution and sale of weight loss and weight management products and other consumable health and diet products. The Company’s operations are primarily conducted through its wholly owned subsidiaries Jason Pharmaceuticals Inc. Take Shape For Life Inc. Jason Enterprises Inc. Medifast Franchise Systems (MFSI) Inc. Jason Properties LLC Medifast Nutrition Inc. and Seven Crondall LLC. The Company offers a range of weight loss weight management products and healthy living products under the Medifast Thrive by Medifast Optimal Health by Take Shape For Life and Essential 1 brands and for select private label customers. Its product lines include weight loss and management meal replacement and vitamins. Its distribution channels include Medifast Direct Take Shape For Life Franchise Medifast Weight Control Centers and Medifast Wholesale.