In a recent transaction, Jean-Luc M. Lemercier, the CVP of EMEACLA at Edwards Lifesciences Corp (NYSE:EW), has sold shares worth over $1.3 million. On the flip side, Lemercier also made a purchase of the company’s stock valued at approximately $529,000.
The transactions, which took place on April 8, 2024, involved Lemercier selling 14,293 shares of common stock at prices ranging from $91.65 to $92.61, with a weighted average sale price of $92.322. This sale amounted to a total of $1,329,471. In addition to the sale, Lemercier acquired 14,400 shares at a price of $36.75 each, totaling $529,200.
These transactions were conducted under a Rule 10b5-1 trading plan, which was previously adopted by Lemercier on August 31, 2023. Rule 10b5-1 plans allow company insiders to set up a predetermined plan to buy or sell company stock to avoid accusations of insider trading.
Following the sale, Lemercier's direct ownership in Edwards Lifesciences stock has decreased, yet he still holds a significant number of shares, indicating a continued stake in the company's performance.
Investors and market watchers often pay close attention to insider transactions as they can provide valuable insights into the company's prospects and the confidence level of its executives.
Edwards Lifesciences Corp, known for its innovative heart valves and hemodynamic monitoring, continues to be a key player in the medical devices industry. The company's stock performance and insider transactions are closely watched by investors seeking to understand the healthcare market's dynamics and potential investment opportunities.
InvestingPro Insights
Amidst the insider transactions at Edwards Lifesciences Corp (NYSE:EW), the company's financial health and market performance continue to be a focal point for investors. With a market cap of $55.7 billion and a robust gross profit margin of 77.02% over the last twelve months as of Q1 2023, Edwards Lifesciences demonstrates significant profitability in its operations. This profitability is further underscored by its operating income margin of 28.81% during the same period.
Edwards Lifesciences has also shown resilience in its stock value, trading near its 52-week high with a price percentage of 96.44%. This aligns with an InvestingPro Tip highlighting the company's strong return over the last three months, with a 22.51% price total return. Additionally, the company has been recognized for its high return over the last decade, suggesting a long-term growth trajectory that could be of interest to potential investors.
For those looking to delve deeper into Edwards Lifesciences' financials and stock performance, InvestingPro offers a comprehensive array of additional InvestingPro Tips, including insights into the company's earnings multiples and debt levels. With 15 more tips available, investors can access a wealth of information to inform their investment decisions.
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