Insider Selling: Jorge J. Quinoy Sells 6,357 Shares of Volcano Corp. Stock (VOLC)
Volcano Corp. (NASDAQ:VOLC) Insider Jorge J. Quinoy sold 6,357 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $21.96, for a total transaction of $139,599.72. Following the sale, the insider now directly owns 106,981 shares of the company’s stock, valued at approximately $2,349,303. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Volcano Corp. in a research note on Tuesday. They now have a $23.00 price target on the stock. Separately, analysts at Raymond James downgraded shares of Volcano Corp. from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 21st. They now have a $25.00 price target on the stock. Finally, analysts at Leerink Swann downgraded shares of Volcano Corp. from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 14th. They now have a $23.00 price target on the stock, down previously from $29.00. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $23.79.
Volcano Corp. (NASDAQ:VOLC) traded up 0.05% during mid-day trading on Wednesday, hitting $21.81. 640,172 shares of the company’s stock traded hands. Volcano Corp. has a 52 week low of $16.37 and a 52 week high of $25.55. The stock has a 50-day moving average of $21.35 and a 200-day moving average of $22.02. The company’s market cap is $1.197 billion.
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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