Today’s Stock Alert: CorVel Corporation Declines Again; Strong Momentum for Sellers

Today's Stock Alert: CorVel Corporation Declines Again; Strong Momentum for Sellers

The stock of CorVel Corporation (NASDAQ:CRVL) is a huge mover today! The stock decreased 3.08% or $1.17 during the last trading session, hitting $36.78. About 92,966 shares traded hands or 124.88% up from the average. CorVel Corporation (NASDAQ:CRVL) has declined 7.62% since March 2, 2016 and is downtrending. It has underperformed by 15.88% the S&P500.
The move comes after 6 months negative chart setup for the $715.58 million company. It was reported on Oct, 6 by Barchart.com. We have $34.21 PT which if reached, will make NASDAQ:CRVL worth $50.09 million less.

Analysts await CorVel Corporation (NASDAQ:CRVL) to report earnings on November, 1.

According to Zacks Investment Research, “CorVel Corporation is an independent nationwide provider of managed care services designed to address the medical issues of healthcare benefits provided under workers’ compensation, group health and auto insurance policies. The Company’s services include, but are not limited to, automated medical fee auditing, national preferred provider network, early intervention, utilization review, medical case management, vocational rehabilitation services, telephonic case management and independent medical examinations.”

Insitutional Activity: The institutional sentiment increased to 2.26 in 2016 Q2. Its up 0.73, from 1.53 in 2016Q1. The ratio is positive, as 4 funds sold all CorVel Corporation shares owned while 30 reduced positions. 21 funds bought stakes while 56 increased positions. They now own 8.96 million shares or 1.56% more from 8.82 million shares in 2016Q1.
Blackrock Institutional Trust Na holds 0% of its portfolio in CorVel Corporation (NASDAQ:CRVL) for 315,925 shares. Bogle Mngmt Ltd Partnership De has 40,320 shares for 0.12% of their US portfolio. Moreover, Principal Fin has 0% invested in CorVel Corporation (NASDAQ:CRVL) for 71,634 shares. Employees Retirement Association Of Colorado has 4,079 shares for 0% of their US portfolio. Parametric Portfolio Associate Llc owns 11,325 shares or 0% of their US portfolio. State Board Of Administration Of Florida Retirement System holds 15,652 shares or 0% of its portfolio. The Texas-based Capstone Asset Management has invested 0.01% in CorVel Corporation (NASDAQ:CRVL). Numeric Investors Ltd Limited Liability Company reported 17,500 shares or 0.01% of all its holdings. Ubs Asset Mngmt Americas Inc holds 0% or 5,400 shares in its portfolio. Springbok Mgmt Limited Co has 400 shares for 0% of their US portfolio. Ameriprise Financial holds 49,903 shares or 0% of its portfolio. Wells Fargo & Company Mn holds 0% of its portfolio in CorVel Corporation (NASDAQ:CRVL) for 35,448 shares. Oxford Asset has 0.12% invested in the company for 68,979 shares. Prudential Fincl holds 70,900 shares or 0.01% of its portfolio. Schroder Mngmt Group has invested 0% of its portfolio in CorVel Corporation (NASDAQ:CRVL).

Insider Transactions: Since June 6, 2016, the stock had 0 insider buys, and 8 insider sales for $10.27 million net activity. MICHAEL JEFFREY J had sold 4,000 shares worth $194,130. Macino Jean sold $375,075 worth of stock or 7,500 shares. $84,914 worth of CorVel Corporation (NASDAQ:CRVL) was sold by CLEMONS V GORDON on Monday, August 15. CORSTAR HOLDINGS INC also sold $4.62 million worth of CorVel Corporation (NASDAQ:CRVL) shares. Shares for $368,790 were sold by Combs Michael G. Another trade for 875 shares valued at $32,813 was sold by BLAHA DIANE.

More important recent CorVel Corporation (NASDAQ:CRVL) news were published by: Star-Telegram.com which released: “Company apologizes for letters to Fort Worth officers who were killed” on October 27, 2015, also Seekingalpha.com published article titled: “CorVel’s (CRVL) CEO Gordon Clemons on Q4 2016 Results – Earnings Call Transcript”, Globenewswire.com published: “CorVel Announces Telehealth Services” on August 26, 2015. More interesting news about CorVel Corporation (NASDAQ:CRVL) was released by: Seekingalpha.com and their article: “Affordable Care Act Is Driving Revenue Growth For CorVel” with publication date: January 03, 2014.

CRVL Company Profile

CorVel Corporation (Corvel), incorporated on May 16, 1991, is a well-known provider of workers’ compensation solutions for employers, third party administrators, insurance companies and government agencies. The Firm offers its services as a bundled solution, which includes claims management, as a standalone service, or as add-on services to existing customers. CareMC is an application platform for all of the Company’s primary service lines and delivers immediate access to customers. CareMC offers clients direct access to the Company’s primary services. CareMC allows for electronic communication and reporting between providers, payers, employers and patients. The Firm offers services in two general categories, network solutions and patient management.

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