Edwards Lifesciences (NYSE:EW) insiders aren’t buying, and they haven’t been for several months, according to a report.
Although insiders have been selling shares, 3 of them in the last week, none have purchased any since at least April, SeekingAlpha reported.
During that time shares have gained nearly 40% from an opening price of $72.78 on April 2 to yesterday’s close at $101.08.
Insider trades in the last week include by chief financial officer Thomas Abate, who sold 20,000 share on August 24; Japan & Asia Pacific corporate vice president Huimin Wang, who sold 15,000 shares on August 28; and director John Cardis, who sold 7,000 shares on August 27, according to SeekingAlpha.
That respectively amounts to at least $2 million, $694,000 and $1.5 million in value for each sales, based on the lowest Wall Street trading value for those days.
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Analysts’ ups and downs
- C.R. Bard (NYSE:BCR): Zacks Equity Research reiterates "neutral" rating
- Endo Pharmaceuticals Holdings (NSDQ:ENDP): J.P. Morgan reiterates "overweight" rating, $48.00 price target
- Globus Medical (NYSE:GMED): Bank of America initiates coverage with $17 price target and “buy” rating
- Intuitive Surgical (NSDQ:ISRG): Goldman Sachs lowers price target from $594 to $556, reiterates “neutral” rating
- Medtronic (NYSE:MDT): Cowen reaffirms “outperform” rating
- St. Jude Medical (NYSE:STJ): Piper Jaffray maintains “overweight” rating, $40 price target
- Varian Medical (NYSE:VAR): Goldman Sachs raises price target from $50 to $52, reiterates “sell” rating
- Zeltiq (NSDQ:ZLTQ): Goldman Sachs lowers price target from $6 to $5.80, reiterates “neutral” rating
