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A substantial insider activity was disclosed on November 7, as Peterson, Chief Operating Officer at Merit Medical Systems (NASDAQ:MMSI), reported the exercise of a large sell of company stock options.
What Happened: Peterson, Chief Operating Officer at Merit Medical Systems, exercised stock options for 5,000 shares of MMSI stock. This information was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The exercise price of the options was $54.4 per share.
The Friday morning update indicates Merit Medical Systems shares up by 0.49%, currently priced at $102.47. At this value, Peterson's 5,000 shares are worth $240,350.
Delving into Merit Medical Systems's Background
Merit Medical Systems Inc is a medical equipment company that develops and manufactures products for use in interventional cardiology, radiology, and endoscopy procedures. The firm reports two segments which are Cardiovascular and Endoscopy. The majority of the revenue is earned from the Cardiovascular segment. The United States generates the majority of the revenue.
Breaking Down Merit Medical Systems's Financial Performance
Revenue Growth: Merit Medical Systems displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 7.81%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company stands out ...
