NuVasive's new CEO, Gregory T. Lucier, purchased several company shares in a transaction disclosed yesterday, according to a report from the Daily Rover.
Here are five things to know:
1. Mr. Lucier purchased 34,000 shares.
2. The shares were purchased at $49.25 on average.
3. The total transaction value was $1.6 million.
4. There are 1.54 percent of the shares held by the company insiders and 99 percent are held by institutions.
5. NuVasive's market cap is $2.3 billion.
Mr. Lucier assumed the company's top position after the former CEO stepped down due to compliance issues.