Shoulder Innovations, Inc. (NYSE:SI) Director Michael A. Carusi Buys 266,666 Shares

Key Points

• Director Michael A. Carusi of Shoulder Innovations Inc acquired 266,666 shares at $15.00 per share, totaling nearly $4 million and increasing his position by 16.48% to 1,885,136 shares.
• The company's stock was down 0.6% during trading, with shares priced at $14.18, reflecting a market capitalization of approximately $448.92 million.
• Shoulder Innovations specializes in medical technology focused on transforming shoulder surgical care with advanced implant systems.

Shoulder Innovations, Inc. (NYSE:SI - Get Free Report) Director Michael A. Carusi acquired 266,666 shares of Shoulder Innovations stock in a transaction dated Friday, August 1st. The shares were purchased at an average cost of $15.00 per share, with a total value of $3,999,990.00. Following the completion of the transaction, the director directly owned 1,885,136 shares of the company's stock, valued at $28,277,040. This trade represents a 16.48% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shoulder Innovations Stock Up 1.3%

Shares of SI stock traded up $0.16 on Friday, hitting $12.32. 142,194 shares of the stock were exchanged, compared to its average volume of 597,503. Shoulder Innovations, Inc. has a fifty-two week low of $11.75 and a fifty-two week high of $17.94.

About Shoulder Innovations

We are a commercial-stage medical technology company exclusively focused on transforming the shoulder surgical care market. We currently offer advanced implant systems for shoulder arthroplasty. These systems are a core element of our ecosystem, which we designed to improve core components of shoulder surgical care – preoperative planning, implant design and procedural efficiency – to benefit each stakeholder in the care chain.