Universal American Corp. (UAM) Files Form 4 Insider Selling : Thomas Scully Sells 6,999,200 Shares

Universal American Corp. (UAM): Thomas Scully , director of Universal American Corp. sold 6,999,200 shares on Jun 27, 2016. The Insider selling transaction was reported by the company on Jun 27, 2016 to the Securities and Exchange Commission. The shares were sold at $6.80 per share for a total value of $4759456 , the company said in a SEC Form 4 Filing.

Shares of Universal American Corporation (UAM) ended Friday, Jun 24, 2016 session in red amid volatile trading. The shares closed down -0.24 points or -3.12% at $7.46 with 9,84,276 shares getting traded. Post opening the session at $7.52, the shares hit an intraday low of $7.385 and an intraday high of $7.68 and the price vacillated in this range throughout the day. The company has a market cap of $637 M and the number of outstanding shares has been calculated to be 8,53,64,063 shares. The 52-week high of Universal American Corporation is $10.84 and the 52-week low is $5.55.

Universal American Corporation Money Flow Index Chart

Universal American Corp. is a health insurance company. The Company primarily serves the growing Medicare population by providing Medicare Advantage products. The Company operates the following segments: Medicare Advantage Management Services Organization (MSO) Medicaid Traditional Insurance and Corporate & Other. The Company provides health insurance to low-income families and individuals with disabilities. Medicare Advantage segment includes the Company’s Medicare Advantage businesses. The Company’s MSO segment supports its physician partnerships in the development of value-based healthcare models. The Company’s Medicaid segment includes the operations of its Total Care Medicaid health plan. The Company’s Traditional Insurance segment reflects the Company’s closed block of insurance products not offered through government programs.

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