Yesterday it was reported that a Director at Charles River Labs (CRL – Research Report), Richard Wallman, exercised options to sell 7,170 CRL shares at $55.17 a share, for a total transaction value of $1.23M.
Following Richard Wallman’s last CRL Sell transaction on December 14, 2016, the stock climbed by 100.8%. In addition to Richard Wallman, 5 other CRL executives reported Sell trades in the last month.
Based on Charles River Labs’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $691 million and quarterly net profit of $80.35 million. In comparison, last year the company earned revenue of $602 million and had a net profit of $59.67 million. The company has a one-year high of $176.89 and a one-year low of $123.17. Currently, Charles River Labs has an average volume of 370.81K.
The insider sentiment on Charles River Labs has been negative according to 103 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Richard Wallman’s trades have generated a 9.3% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Charles River Laboratories International, Inc. is an early-stage contract research company, which provides essential products and services to help pharmaceutical and biotechnology companies, government agencies and academic institutions.