Shares of CareCloud, Inc. (NASDAQ:MTBCO – Get Rating) were down 0.2% on Tuesday . The stock traded as low as $24.95 and last traded at $24.95. Approximately 4,541 shares were traded during mid-day trading, an increase of 134% from the average daily volume of 1,937 shares. The stock had previously closed at $25.00.
CareCloud Price Performance
The business's 50-day moving average price is $24.98.
Get CareCloud alerts:CareCloud Announces Dividend
The company also recently announced a dividend, which will be paid on Tuesday, January 17th. Investors of record on Friday, December 30th will be given a $0.1823 dividend. This represents a yield of 8.78%. The ex-dividend date of this dividend is Thursday, December 29th.
Insider Activity at CareCloud
In related news, Director Stephen Andrew Snyder sold 2,925 shares of the business's stock in a transaction dated Tuesday, October 18th. The stock was sold at an average price of $25.01, for a total value of $73,154.25. Following the completion of the sale, the director now directly owns 3,992 shares of the company's stock, valued at approximately $99,839.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other CareCloud news, Director Stephen Andrew Snyder sold 2,925 shares of the business's stock in a transaction that occurred on Tuesday, October 18th. The stock was sold at an average price of $25.01, for a total transaction of $73,154.25. Following the completion of the sale, the director now directly owns 3,992 shares of the company's stock, valued at approximately $99,839.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO A Hadi Chaudhry sold 3,240 shares of the business's stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $26.50, for a total value of $85,860.00. The disclosure for this sale can be found here. Insiders sold 8,556 shares of company stock valued at $218,801 in the last three months.CareCloud Company Profile
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CareCloud, Inc, a healthcare information technology (IT) company, provides a suite of cloud-based solutions and related business services to healthcare providers and hospitals primarily in the United States. It operates in two segments, Healthcare IT and Practice Management. The company's Software-as-a-Service platform includes revenue cycle management, practice management, electronic health record, business intelligence, telehealth, and patient experience management solutions, as well as complementary software tools and business services for medical groups and health systems.
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