CEO Xu Yingkai purchases 1,520,000 shares at $0.25; stock down 90% from 52-week high of $4260.00
Xu Yingkai, Chief Executive Officer of Mingteng International Corp Inc., purchased 1,520,000 shares at $0.25 on 2026-04-13, establishing an initial position of 1,520,000 shares and deploying $380,000.00. The stock currently trades at $1.30, down 100.0% from its 52-week high of $4260.00 and has declined 78.0% over the past 90 days. This represents the CEO's first equity purchase in the stock, with the company carrying a $8.9M market cap. The extreme gap between the 52-week high and current levels, combined with the steep 90-day deterioration, places this transaction in an environment of significant price distress rather than conviction-driven accumulation at attractive valuations.