Shoulder Innovations, Inc. (NYSE:SI) Director Geoffrey B. Pardo Acquires 100,000 Shares

Key Points

• Director Geoffrey B. Pardo of Shoulder Innovations Inc purchased 100,000 shares at an average price of $15.00 per share, totaling $1.5 million, increasing his stake by 4.39%.
• The company's stock traded down 0.6%, reaching $14.18 per share, with a market capitalization of $448.92 million.
• Shoulder Innovations is focused on transforming the shoulder surgical care market with advanced implant systems designed to enhance surgical efficiency and care quality.

Shoulder Innovations, Inc. (NYSE:SI - Get Free Report) Director Geoffrey B. Pardo bought 100,000 shares of Shoulder Innovations stock in a transaction on Friday, August 1st. The stock was acquired at an average cost of $15.00 per share, for a total transaction of $1,500,000.00. Following the acquisition, the director owned 2,380,482 shares in the company, valued at approximately $35,707,230. This represents a 4.39% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shoulder Innovations Trading Up 1.3%

Shares of SI traded up $0.16 during trading hours on Friday, reaching $12.32. The stock had a trading volume of 142,194 shares, compared to its average volume of 597,503. Shoulder Innovations, Inc. has a 12 month low of $11.75 and a 12 month 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.