Insider selling at CRVL is routine in both dollar size and pattern — the CEO's sale is typical of diversification-driven liquidity, and the director's sale follows derivative exercises that are often tax-motivated. With no material insider buying to suggest bullish conviction, and a 100% T+20 win rate on prior CRVL reports (all four were long or neutral, with the neutral report also positive), the historical calibration does not justify an elevated score here. Wait for the next 10-Q or earnings release for a directional signal before adjusting a position.
Price Chart
Executive Summary
CEO Michael Combs and Director Jeffrey Michael sold a combined ~$970K in open-market shares over two days (June 8-9, 2026), with Michael also exercising derivatives for cashless net sales. The insider cluster represents ~0.03% of CRVL's $3.1B market cap — a trivial dollar amount relative to company size — and the selling follows a regular pattern of insider sales at this company, likely driven by diversification or tax-planning routine. The selling is not informative per the academic asymmetry between insider buys (strongly predictive) and sells (weakly predictive), especially for a small-dollar cluster below the proportionality threshold.
Key Financial Metrics
Key Facts
- CEO Michael Combs sold 7,000 shares at $60.22 for $421,558 on June 8, 2026.
- Director Jeffrey Michael sold 9,000 shares at $60.98 for $548,834 on June 9, 2026.
- Both sales were open-market transactions (Code S).
- Director Michael also exercised 9,000 derivative shares at $0 (non-cash) and 9,000 at $14.44 for $129,960 on June 9 — net cash from derivative exercise of $129,960 offset by $548,834 sale for an effective net sell of ~$419K.
- Total insider-trading dollar value of open-market sales is ~$970K, or 0.03% of CRVL's $3.1B market cap — below the 0.1% triviality threshold.
- No cluster buys present; net direction is selling.
Financial Impact
Open-market sales total ~$970K, representing 0.03% of CRVL's market capitalization. This is financially trivial.
Risk Factors
- Insider selling has been persistent at this company; while individually trivial, a sustained pattern could precede a period of weak stock price performance.
- No insider buying to offset the signal — the cluster is uniformly selling.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CRVL-1781124824858 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 28, 2026 5w ago | Insider Cluster | $69.24 $68.23 | ▼ −1.46% | ▼ −1.57% | $75.47 (+9.00%) |
Aug 5, 2026 8w ago | Press Release | $62.57 $62.75 | ▲ +0.29% | ▼ −0.06% | $75.47 (+20.62%) |
Jun 26, 2026 14w ago | DEFA14A | $61.65 $63.89 | ▲ +3.63% | ▲ +2.25% | $75.47 (+22.42%) |
Jun 16, 2026 15w ago | Insider Cluster | $59.69 $59.69 | · 0.00% | ▲ +2.23% | $75.47 (+26.44%) |
Jun 11, 2026 16w ago | Insider Cluster | $60.34 $58.53 | ▼ −3.01% | ▼ −3.68% | $75.47 (+25.07%) |
Jun 11, 2026 16w ago | Insider Cluster | $60.34 $58.53 | ▼ −3.01% | ▼ −3.68% | $75.47 (+25.07%) |
Jun 10, 2026 16w ago | Insider Cluster | $60.79 $58.14 | ▼ −4.36% | ▼ −4.79% | $75.47 (+24.15%) |
Jun 2, 2026 17w ago | Press Release | $57.61 $61.11 | ▲ +6.08% | ▲ +9.04% | $75.47 (+31.00%) |
Jun 1, 2026 17w ago | 8-K | $57.61 $61.11 | ▲ +6.08% | ▲ +9.04% | $75.47 (+31.00%) |
Jun 1, 2026 17w ago | Press Release | $57.61 $61.11 | ▲ +6.08% | ▲ +9.04% | $75.47 (+31.00%) |
US Market Status
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