NuVasive Executive Vice President, General Counsel & Secretary Jason Hannon sold several shares in late February, according to an Ashburn Daily report.
Here are five key notes on the sale:
• Mr. Hannon sold 1,822 shares
• Average price per share was $47.99
• The total transaction was $87,438
• The transaction occurred on Feb. 23
• NuVasive ended the trading session with a loss of 1.08 points
According to the report, heavy selling caused a price collapse intraday to $44.3905 from the previous close at $45.75. Value-buying helped the shares pare some of the losses, but they still dipped negatively at the end of the day.
NuVasive has a $2 billion market cap and more than 48 million outstanding shares. The 52-week high is $51.23.