2024-09-11
low
MetLife Investment Management, LLC
Buy
800,000 shares
$20,000,000
@ $25.00
Significance
2/10
MetLife Investment Management acquired 800,000 shares ($20,000,000) in CHY at $25.00 on 2024-09-09, now trading at $11.64.
MetLife Investment Management, a 10% owner, executed 3 separate purchases totaling 800,000 shares for $20,000,000.00 at a blended average price of $25.00 on 2024-09-09. The stock currently trades at $11.64, representing a significant decline from the transaction price. The insider's cross-ticker track record shows 6 prior buys with an average 30-day return of -100.0%, indicating a consistent pattern of unfavorable outcomes on prior purchases across other securities. The large capital deployment into this position warrants monitoring of whether the investment thesis has shifted.