Silk Road Medical Inc (NASDAQ:SILK) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $32.50 and last traded at $33.43, with a volume of 1290 shares trading hands. The stock had previously closed at $34.16.
In other news, major shareholder X Finance L.P. Wp sold 900,000 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $20.00, for a total value of $18,000,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
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Silk Road Medical, Inc operates as a medical device company in the United States. It offers ENROUTE Transcarotid Neuroprotection System that is used to directly access the common carotid artery and initiate temporary blood flow reversal; ENROUTE Transcarotid Stent System, a self-expanding, self-tapering stent with clinical data regarding lasting safety outcomes; ENHANCE Transcarotid Peripheral Access Kit for use in gaining initial access to the common carotid artery; and ENROUTE 0.014 Guidewire for navigating and crossing the target lesion for delivery of interventional devices.
Further Reading: Limitations of the P/E Growth ratio
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