Published on 1 Apr 2024 on GuruFocus.com via Yahoo Finance
Chemed Corp Executive Vice President Spencer Lee Sells Company Shares
Chemed Corp (NYSE:CHE), a company that operates through its two wholly-owned subsidiaries, VITAS Healthcare Corporation and Roto-Rooter, recently witnessed an insider sale. Executive Vice President Spencer Lee sold 2,000 shares of the company on March 28, 2024, according to a SEC Filing. This transaction has been part of a series of sales by the insider over the past year, with a total of 4,217 shares sold and no shares purchased.
The insider transaction history for Chemed Corp (NYSE:CHE) indicates a lack of insider purchases over the past year, with zero insiders buys recorded. In contrast, there have been 15 insider sells during the same period, suggesting a trend of insiders reducing their holdings in the company.On the valuation front, Chemed Corp (NYSE:CHE) shares were trading at $641.65 on the day of the insider's recent sale, bringing the company's market cap to $9.641 billion. The price-earnings ratio stands at 35.59, which is above both the industry median of 24.76 and the company's historical median price-earnings ratio.