Financial

LDR COO sells 19k shares in $512k transaction

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”

 

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Josh Sandberg

Josh Sandberg is the President of Ortho Sales Partners and Partner for The De Angelis Group. He also serves as Co-Founder and Editor of OrthoSpineNews.

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