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Volcano Corp. (NASDAQ:VOLC) CFO John T. Dahldorf sold 1,393 shares of the company’s stock on the open market in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $20.61, for a total transaction of $28,709.73. Following the completion of the sale, the chief financial officer now directly owns 44,147 shares of the company’s stock, valued at approximately $909,870. The sale was disclosed in a filing with the SEC, which is available at this link.

Shares of Volcano Corp. (NASDAQ:VOLC) traded up 0.78% on Friday, hitting $20.80. 599,090 shares of the company’s stock traded hands. Volcano Corp. has a 52 week low of $16.37 and a 52 week high of $26.23. The stock has a 50-day moving average of $21.4 and a 200-day moving average of $21.93. The company’s market cap is $1.142 billion. Volcano Corp. also was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 8,686,123 shares, a drop of 11.8% from the December 31st total of 9,709,109 shares. Based on an average daily trading volume, of 791,001 shares, the short-interest ratio is currently 11.0 days. Approximately 16.0% of the company’s shares are sold short.

Several analysts have recently commented on the stock. Analysts at Raymond James downgraded shares of Volcano Corp. from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, January 21st. They now have a $25.00 price target on the stock. Separately, analysts at Leerink Swann downgraded shares of Volcano Corp. from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, January 14th. They now have a $23.00 price target on the stock, down previously from $29.00. Finally, analysts at JMP Securities downgraded shares of Volcano Corp. from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $23.64.

Volcano Corporation (NASDAQ:VOLC) designs, develops, manufactures and commercializes a range of precision guided therapy tools, including intravascular ultrasound (IVUS), and fractional flow reserve (FFR), products.

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