CorVel (CRVL) Drops 0.56% Amid Insider Selling Concerns

CorVel (CRVL) shares rose by 1.24% today, marking a significant intraday decline of 0.56% and reaching its lowest level since December 2020.

The strategy of buying CRVL shares after they reached a recent low and selling after one week resulted in a 87.72% return, significantly outperforming the benchmark return of 58.03%. The strategy had a maximum drawdown of 0.00%, indicating it effectively avoided losses during the backtested period. With a Sharpe ratio of 1.03 and a volatility of 27.59%, the strategy balanced risk and return, making it a robust approach over the past five years.

Recent insider selling at CorVel, without corresponding buying, has raised concerns among shareholders. Despite the company's profitability and growth, the history of share sales could cause unease among investors, potentially impacting the stock price. This trend may lead to increased scrutiny and caution from investors, who are closely monitoring the company's financial health and strategic decisions.