A large exercise of company stock options by Jeffrey Michael, Board Member at CorVel (NASDAQ:CRVL) was disclosed in a new SEC filing on June 13, as part of an insider exercise.
What Happened: Disclosed in a Form 4 filing on Thursday with the U.S. Securities and Exchange Commission, Michael, Board Member at CorVel, executed a strategic derivative sale. This involved exercising stock options for 3,000 shares of CRVL, resulting in a transaction value of $607,770.
CorVel shares are currently trading down by 0.0%, with a current price of $243.16 as of Friday morning. This brings the total value of Michael's 3,000 shares to $607,770.
Discovering CorVel: A Closer Look
CorVel Corp 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. It partners with employers, third-party administrators, insurance companies, and government agencies in managing worker's compensation and health, auto, and liability services. The company's solutions combine integrated technologies with a human touch providing services that include claims management, bill review, preferred provider networks, utilization management, case management, pharmacy services, directed care, and medicare services.
Key Indicators: CorVel's Financial Health
Positive Revenue Trend: Examining CorVel's financials over 3 months reveals a positive narrative. The company ...