CorVel (CRVL) Stock

On December 26, 2024, two stocks in the healthcare sector might be sending a strong warning to investors who prioritize momentum in their trading choices.

FORT WORTH, Texas, Dec. 24, 2024 (GLOBE NEWSWIRE) -- CorVel Corporation (NASDAQ: CRVL) has announced that it will carry out a three-for-one forward stock split. This will be accompanied by an increase in the number of authorized shares of its common stock to support the split.

FORT WORTH, Texas, Dec. 13, 2024 (GLOBE NEWSWIRE) -- CorVel Corporation (NASDAQ: CRVL) has announced that its Board of Directors has approved a three-for-one forward stock split of its common stock. Additionally, the Board has agreed to increase the number of authorized shares of common stock to support this stock split. However, they did not approve an increase in the number of authorized shares of preferred stock.

FORT WORTH, Texas, Nov. 29, 2024 (GLOBE NEWSWIRE) -- CorVel Corporation (NASDAQ: CRVL) has announced that V. Gordon Clemons will retire from his position on the Board of Directors and as Chairman, effective November 26, 2024, after 37 years with the company. Clemons founded CorVel in 1988 and has been Chairman since it became public in 1991. Following his retirement, Michael G. Combs, the current President and CEO, will take over as the new Chairman, while Clemons will remain available as a consultant.

FORT WORTH, Texas, Nov. 05, 2024 (GLOBE NEWSWIRE) -- CorVel Corporation (NASDAQ: CRVL) has released its financial results for the quarter that ended on September 30, 2024. The company reported revenues of $224 million for the quarter, up from $196 million in the same quarter last year, with earnings per share rising to $1.35 from $1.15. For the six months ending September 30, 2024, revenues reached $436 million, an increase from $386 million in the previous year, and earnings per share grew to $2.60 from $2.29.

FORT WORTH, Texas, Aug. 27, 2024 (GLOBE NEWSWIRE) -- CERIS, a CorVel Company, has announced improvements to its Fraud, Waste, and Abuse (FWA) solutions, which now include better detection and enhanced behavioral analytics. These updates will help customers in the complicated healthcare sector manage and reduce fraud and risk more effectively. With tools like identity and behavioral analytics, dashboards, and consulting services, CERIS aims to automate the detection of billing errors to assist payers in preventing and addressing issues.

FORT WORTH, Texas, July 30, 2024 (GLOBE NEWSWIRE) -- CorVel Corporation (NASDAQ: CRVL) has released its financial results for the quarter that ended on June 30, 2024. The company reported revenues of $212 million, up from $190 million during the same quarter in 2023. Additionally, earnings per share for this quarter were $1.25, an increase from $1.14 in the previous year’s quarter.

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FORT WORTH, Texas, May 22, 2024 (GLOBE NEWSWIRE) -- CorVel Corporation (NASDAQ: CRVL) announced the results for the quarter and fiscal year ended March 31, 2024. Revenues for the quarter were $207 million, an increase from $185 million in the same quarter of the previous year. Earnings per share for the quarter were $1.12, compared to $1.04 in the same quarter of the prior year.