Joint Corp (JYNT) Files Form 4 Insider Selling : David M Orwasher Sells 5,000 Shares

Joint Corp (JYNT): David M Orwasher , Former Chief Dev/Strat Officer of Joint Corp sold 5,000 shares on Sep 22, 2016. The Insider selling transaction was reported by the company on Sep 26, 2016 to the Securities and Exchange Commission. The shares were sold at $2.40 per share for a total value of $12,005.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 13, 2016, David M Orwasher (Former Chief Dev/Strat Officer) sold 5,000 shares at $2.82 per share price.On Aug 31, 2016, Richard A Kerley (director) purchased 7,000 shares at $2.78 per share price.Also, On Aug 30, 2016, Peter D Holt (CEO) purchased 30,000 shares at $2.58 per share price.On Mar 30, 2016, Ronald V Davella (director) purchased 3,000 shares at $3.14 per share price.

Shares of Joint Corp (JYNT) ended Thursday, Sep 22, 2016 session in red amid volatile trading. The shares closed down -0.06 points or -2.49% at $2.35 with 12,741 shares getting traded. Post opening the session at $2.4093, the shares hit an intraday low of $2.35 and an intraday high of $2.45 and the price vacillated in this range throughout the day. The company has a market cap of $30 M and the number of outstanding shares has been calculated to be 1,27,31,995 shares. The 52-week high of Joint Corp is $7.9 and the 52-week low is $1.85.

Joint Corp Money Flow Index Chart

Company has been under the radar of several Street Analysts.Joint Corp is Reiterated by Maxim Group to Buy while Lowering the Price Target of the company shares to $ 5 from a previous price target of $8 . The Rating was issued on Jul 1, 2016.

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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