The CMO of Corvel is Exercising Options


Today it was reported that the CMO of Corvel (NASDAQ: CRVL), Diane Blaha, exercised options to sell 2,048 CRVL shares at $37.65 a share, for a total transaction value of $115.4K.

Following Diane Blaha’s last CRVL Sell transaction on June 09, 2017, the stock climbed by 8.2%. In addition to Diane Blaha, one other CRVL executive reported Sell trades in the last month.

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Based on Corvel’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $150 million and quarterly net profit of $11.78 million. In comparison, last year the company earned revenue of $138 million and had a net profit of $8.78 million. CRVL’s market cap is $1.07B and the company has a P/E ratio of 27.91. Currently, Corvel has an average volume of 23.48K.

In the last 30 days, insiders have sold $115.4K worth of CRVL shares and purchased $90K worth of CRVL shares. The insider sentiment on Corvel has been negative according to 39 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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CorVel Corp. engages in managed care services. The firm provides worker’s compensation solutions for employers, third party administrators, insurance companies, and government agencies seeking to control costs and promote positive outcomes.

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