CVP Donald E Jr Bobo sells 23,145 EW shares at $86.42; stock near 52-week high; 0 of 5 prior same-ticker sells well-timed.
Donald E Jr Bobo, CVP of Strategy and Corporate Development, sold 23,145 shares at $86.42, reducing holdings by 19.0% to 98,611 shares. The sale occurred near the 52-week high ($87.93), with the current price at $86.51 just 1.6% below peak. Edwards Lifesciences shows solid fundamentals (11.6% annual revenue growth, $380.7M net income on $1.6B quarterly revenue, P/E of 45.53), supporting valuations around these levels. Notably, across his five prior same-ticker trades, 0 of 5 sells showed negative 90-day returns (well-timed indicator for sell activity), suggesting a pattern of selling into strength rather than ahead of declines. While his cross-ticker track record shows a 37.50% well-timed rate on 8 sells, this ticker-specific history of selling at or near peaks without subsequent downside protection offers a less favorable signal for position conviction.