CorVel Co. (NASDAQ:CRVL – Get Free Report) Director Jeffrey J. Michael sold 10,477 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $116.45, for a total value of $1,220,046.65. Following the transaction, the director now directly owns 568,310 shares of the company’s stock, valued at $66,179,699.50. This represents a 1.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
CorVel Stock Performance
Shares of NASDAQ:CRVL opened at $103.48 on Friday. The stock has a market capitalization of $5.31 billion, a price-to-earnings ratio of 60.87 and a beta of 1.06. CorVel Co. has a 1-year low of $76.20 and a 1-year high of $128.61. The company has a 50 day moving average price of $112.29 and a 200 day moving average price of $114.06.
CorVel (NASDAQ:CRVL – Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The business services provider reported $0.46 earnings per share for the quarter. CorVel had a return on equity of 32.22% and a net margin of 10.12%.
Hedge Funds Weigh In On CorVel
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded shares of CorVel from a “buy” rating to a “hold” rating in a report on Thursday.
Read Our Latest Analysis on CorVel
CorVel Company Profile
CorVel Corporation provides workers’ compensation, auto, liability, and health solutions. It applies technology, including artificial intelligence, machine learning, and natural language processing to enhance the managing of episodes of care and the related health care costs. The company also offers network solutions services, including automated medical fee auditing, preferred provider management and reimbursement, retrospective utilization review, facility claim review, professional review, pharmacy, directed care, clearinghouse, independent medical examination, and inpatient medical bill review services, as well as Medicare solutions.
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