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Insider Trends: Quidel Insider Awarded Stock Portion of Which is Sold for Taxes, Slowing 90-Day Buy Trend

· 02/05/2021 13:59

06:52 PM EST, 02/05/2021 (MT Newswires) -- On Feb 03, 2021, Randall J Steward, CFO, awarded 5,616 shares in Quidel (QDEL) and sold 2,498 shares concurrently to meet tax obligations. After accounting for tax obligations this transaction resulted in a net acquisition of 3,118 company shares. Steward, subsequent to the transactions defined in the SEC Form 4 filing, owns 6,487 shares of company stock, with a market value, based on the prior-day closing price, of $1.48 million.

During the most recent 90-day period, previous to the date of this filing, there have been 27 insider transactions reported to the SEC for Quidel. These transactions came from the activities of 11 separate insiders that resulted in a net acquisition of 3,280 company shares. This compares with the preceding 90-day window of time where there were 12 transactions from 6 insiders and resulted in the net acquisition of 30,145 shares.

This level of insider transactions is less than the peer group average in the 100-company Advanced Medical Equipment & Technology peer group over the last 90-day period. Activity in the peer group averaged 103.8 transactions per company, and disposition of 3,465 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/353569/000120919121008300/xslF345X03/doc4.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.