Chemed Corp (CHE): Spencer S Lee , executive vice president of Chemed Corp sold 2,000 shares on Sep 22, 2016. The Insider selling transaction was reported by the company on Sep 23, 2016 to the Securities and Exchange Commission. The shares were sold at $141.67 per share for a total value of $283,340.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Aug 9, 2016, Arthur V Jr Tucker (vice president & controller) sold 4,500 shares at $144.28 per share price.On Aug 9, 2016, Donald E Saunders (director) sold 500 shares at $144.32 per share price.Also, On Aug 4, 2016, Kevin J Mcnamara (president and CEO) sold 18,000 shares at $144.87 per share price.On Mar 22, 2016, Spencer S Lee (executive vice president) sold 24,382 shares at $132.56 per share price.
Chemed Corporation: On Thursday, Sep 22, 2016 heightened volatility was witnessed in Chemed Corporation which led to swings in the share price. The shares opened for trading at $140.44 and hit $142.66 on the upside , eventually ending the session at $141.93, with a gain of 1.53% or 2.14 points. The heightened volatility saw the trading volume jump to 71,694 shares. The 52-week high of the share price is $160.12 and the company has a market cap of $2,298 M . The 52-week low of the share price is at $124.77.
Company has been under the radar of several Street Analysts.Chemed Corporation is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 162 from a previous price target of $136 .The Rating was issued on Jul 27, 2016.
Chemed Corporation (Chemed) purchases operates and divests subsidiaries engaged in diverse business activities. The Company operates its business in two segments: the VITAS segment (VITAS) and the Roto-Rooter segment (Roto-Rooter). The Company’s VITAS segment provides hospice and palliative care services to its patients through a network of physicians registered nurses home health aides social workers clergy and volunteers. VITAS and Innovative Hospice Care are trademarks and service marks of VITAS Healthcare Corporation a wholly owned indirect subsidiary of the Company. The Company’s Roto-Rooter segment provides plumbing and drain cleaning services to both residential and commercial customers. The Roto-Rootera trademarks and service marks are used and advertised by Roto-Rooter Corporation a wholly owned indirect subsidiary of the Company. The Company operates through two wholly owned subsidiaries: VITAS Healthcare Corporation and Roto-Rooter Group Inc.