Written by Laura Dyrda
LDR COO James Burrows sold 19,258 shares on the open market last Friday, according to a Mideast Times report, in a $512,070.22 transaction.
Mr. Burrows sold the shares at $26.59 per share. On Friday, the company traded up 4.24 percent, with the price hitting $27.07 per share and trading volume of 472,620 shares. Several analysts have recently weighed in on LDR, including:
• Piper Jaffray analysts, raising their price from $38 to $40 per share and bestowing an “overweight” rating on the stock
• RBC Capital initiating coverage on the shares in June, setting an “outperform” rating and target price of $34
• Five research analysts rated the company as “buy”