Medline Sees Unusually High Options Volume (NASDAQ:MDLN)

Medline (NASDAQ:MDLN) was the target of some unusual options trading on Monday. Investors acquired 20,689 put options on the company. This is an increase of 326% compared to the average volume of 4,861 put options.

Insider Activity

In other Medline news, Director Charles N. Mills purchased 2,579,310 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The shares were bought at an average price of $29.00 per share, for a total transaction of $74,799,990.00. Following the acquisition, the director owned 2,441,379 shares in the company, valued at $70,799,991. This represents a -1,870.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Andrew J. Mills purchased 2,586,206 shares of Medline stock in a transaction on Thursday, December 18th. The shares were acquired at an average cost of $29.00 per share, with a total value of $74,999,974.00. Following the completion of the transaction, the director directly owned 2,586,206 shares in the company, valued at $74,999,974. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information.

Medline Stock Performance

MDLN stock opened at $42.18 on Tuesday. Medline has a 12 month low of $34.89 and a 12 month high of $43.90.

About Medline

Medline (NASDAQ: MDLN) is a healthcare products and services company that manufactures, sources and distributes a wide range of medical supplies and equipment for healthcare providers. Its product portfolio spans clinical consumables and personal protective equipment, surgical and procedural supplies, wound care and incontinence products, diagnostic and laboratory supplies, and select durable medical equipment. Medline supports care settings that include hospitals, health systems, long-term care facilities, ambulatory clinics and home health providers.

In addition to product manufacturing and distribution, Medline provides supply‑chain and logistics services designed to help healthcare customers manage inventory, reduce costs and streamline operations.