Shoulder Innov (NYSE:SI) Director Geoffrey B. Pardo Purchases 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 Innov (NYSE:SI - Get Free Report) Director Geoffrey B. Pardo acquired 100,000 shares of the stock in a transaction dated Friday, August 1st. The shares were bought at an average price of $15.00 per share, for a total transaction of $1,500,000.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which is available at the SEC website.

Shoulder Innov Stock Down 7.7%

Shares of NYSE SI traded down $1.00 during mid-day trading on Thursday, hitting $12.06. The stock had a trading volume of 120,375 shares, compared to its average volume of 277,624. Shoulder Innov has a 1 year low of $12.00 and a 1 year high of $17.94.

Shoulder Innov Company Profile

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.