Masimo Corp (MASI): Joe E Kiani , CEO and Chairman of the Board of Masimo Corp sold 49,484 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 $60.13 per share for a total value of $2,978,021.50 , 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 23, 2016, Sanford Fitch (director) sold 2,000 shares at $59.41 per share price.On Sep 21, 2016, Joe E Kiani (CEO and Chairman of the Board) sold 1,399 shares at $60.09 per share price.Also, On Sep 8, 2016, Jon Coleman (Pres-WW Sales,Pro Svc,Med Affs) sold 6,000 shares at $60.00 per share price.On Aug 8, 2016, Paul Jansen (EVP, Bus Dev) sold 10,000 shares at $58.88 per share price.
Masimo Corporation: On Thursday, Sep 22, 2016 heightened volatility was witnessed in Masimo Corporation which led to swings in the share price. The shares opened for trading at $59.93 and hit $60.52 on the upside , eventually ending the session at $60.32, with a gain of 0.79% or 0.47 points. The heightened volatility saw the trading volume jump to 3,07,193 shares. The 52-week high of the share price is $60.46 and the company has a market cap of $2,977 M . The 52-week low of the share price is at $33.03.
Company has been under the radar of several Street Analysts.Masimo Corporation is Reiterated by Wedbush to Outperform and the brokerage firm has raised the Price Target to $ 63 from a previous price target of $60 .The Rating was issued on Aug 4, 2016.
Masimo Corporation is a global medical technology company that develops manufactures and markets non-invasive patient monitoring products. The Company’s core business is measure-through-motion and low-perfusion pulse oximetry monitoring known as Masimo Signal Extraction Technology (SET) pulse oximetry. Its product offerings include non-invasive optical blood constituent monitoring optical organ oximetry monitoring electrical brain function monitoring acoustic respiration monitoring and optical gas monitoring. In addition the Company offers Root patient monitoring and connectivity platform the Radical-7 bedside and portable patient monitor and the Radius-7 wearable wireless patient monitor. The Company also has the Patient SafetyNet remote patient surveillance monitoring system which allows up to 80 patients to be monitored simultaneously through a central station or remotely by care providers through their pagers or smart phones.