NuVasive COO Keith Valentine sold 2,500 shares of the company's stock on the open market last Tuesday, according to a WKRB report.
Here are five things to know about the transaction:
• The shares were sold at $35.14 average price.
• The total transaction is valued at $87,850.
• Mr. Valentine now directly owns 77,285 shares of the company.
• The shares Mr. Valentine currently owns are valued at $2.7 million.
• After the transaction, NuVasive traded up 1.02 percent mid-day on Wednesday, hitting $35.40.
NuVasive reported a solid second quarter of 2014, with $190 million in revenue and adjusted their full-year predictions. The company now estimates 2014 revenue will reach $745 million, a 9 percent growth over 2013.
At the end of July, Jeffries Group gave NuVasive a "buy" rating and Barclays reiterated an "equal weight" rating. At the same time, Goldman Sachs upgraded NuVasive from "neutral" to "buy."
In early August, NuVasive CFO Micahel Lambert sold 4,010 shares of the company's stock in a $148,811 transaction. Executive Vice President Russell Powers sold 12,776 shares of the company stock this past summer as well.
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