LDR director sells 50k shares — 5 key updates

Spinal Tech

LDR Director Stefan K. Widensohler sold shares of the company stock, according to an InterCooler report.

Here are five things to know about the transaction:

 

• Mr. Widensohler sold 50,000 shares of the stock on the open market.
• Average price for the stock was $37.73.
• The total transaction was valued at around $1.88 million.
• Mr. Widensholer now owns 365,596 shares valued at $13.79 million.
• The transaction took place on March 10.

 

Today LDR opened at $37.99 and has a market cap at just more than $1 billion. Zacks recently downgraded LDR to "neutral" and set the price target at $38.60 but Brean Capital, which initiated coverage on LDR Feb. 23, set the share rating at "buy" with a $50 target price.

 

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