Big Drop of Insider Selling Activities in the Health Service Industry

July 5, 2011 - PRLog -- Not only advanced economies, but emerging economy power such as China and South Korea, are facing ageing population problems. In 30 years, 28% of Chinese population will be above 60 year-old. In Euro, 30% of population will be over 60 year-old by 2030. This demographic trend will force governments to increase budget on health and age care, which stimulates the development of Health service Industry.

Insider buy ratio in the health service industry improved from 22% to 27% for the last 4 weeks. Number of net buyers dropped from 26 to 21. Number of net sellers experienced a much larger decline which was down from 91 to 57. For more data and analysis about insider trading, please visit http://www.insiderslab.com/media/mediaRoom.php  

ICU Medical, Incorporated. Sherman Richard Md, director of ICU Medical, sold 5,000 company shares at $41.25 on June 6, which reduced his total shareholding in the company by 7%. ICU’s was closed at a 4-week high of $44.12 on July 1 and recorded a 7% jump since its 4-week low of $41.11 on June 6. Read (ICUI) insider trading report at http://www.insiderslab.com/Notable/ICUI/

AtriCure Inc.  Hooven Michael D, director of AtriCure, sold 30,000 shares at $14.00 on June 13. The transaction reduced Hooven’s shareholding in the company by 4%. Lucky James L, vice president of ArtiCure, sold 3,000 shares at $13.50 on June 15. He also sold 6,536 shares at $13.37 on June 10 and up to date his shareholding was lowered by 15%. The stock had a 4-week high of $14.76 on June 8 and was closed at $12.94 on July 1. Read (ATRC) insider trading report at http://www.insiderslab.com/Notable/ATRC/

Ironwood Pharmaceuticals, Inc.  Ridgeback Capital Investment, major shareholder of Ironwood, sold 500,000 shares at $16.19 on June 23 which reduced their shareholding in the company by 5%. Higgins Michael J, COO of Ironwood, sold 25,000 shares at $15.94 on June 24 and decreased his shareholding by 17%. The stock touched a 4-week high of 16.49 on June 28 and was closed at $16.32 on July 1. Read (IRWD) insider trading report at http://www.insiderslab.com/Notable/IRWD/

Report Editor: Tim Fang in Vancouver at tim@insiderslab.com

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