Insider Selling: James Pacek Unloads 2,500 Shares of ArthroCare Corp. Stock (ARTC)
ArthroCare Corp. (NASDAQ:ARTC) SVP James Pacek unloaded 2,500 shares of the company’s stock on the open market in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $34.48, for a total value of $86,200.00. Following the transaction, the senior vice president now directly owns 24,379 shares in the company, valued at approximately $840,588. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
ARTC has been the subject of a number of recent research reports. Analysts at TheStreet downgraded shares of ArthroCare Corp. from a “buy” rating to a “hold” rating in a research note to investors on Friday, August 23rd. Analysts at Piper Jaffray Cos. raised their price target on shares of ArthroCare Corp. from $40.00 to $43.00 in a research note to investors on Wednesday, August 7th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $41.25.
Shares of ArthroCare Corp. (NASDAQ:ARTC) traded down 0.11% during mid-day trading on Tuesday, hitting $34.90. The stock had a trading volume of 130,741 shares. ArthroCare Corp. has a 1-year low of $29.33 and a 1-year high of $37.49. The stock’s 50-day moving average is $33.94 and its 200-day moving average is $34.66. The company has a market cap of $986.0 million and a P/E ratio of 55.28.
ArthroCare Corp. (NASDAQ:ARTC) last announced its earnings results on Monday, August 5th. The company reported ($0.27) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.34 by $0.61. The company had revenue of $92.10 million for the quarter, compared to the consensus estimate of $93.67 million. During the same quarter last year, the company posted $0.34 earnings per share. ArthroCare Corp.’s revenue was up .4% compared to the same quarter last year. On average, analysts predict that ArthroCare Corp. will post $1.44 earnings per share for the current fiscal year.
ArthroCare Corporation (NASDAQ:ARTC), is a medical device company.
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