PALT Director Abada Yoram bought 3,000 shares at $1.89; stock down -65.2% from 52-week high, company unprofitable.
Abada Yoram, a director, purchased 3,000 shares of PALTALK at $1.89 on 2024-11-15, increasing holdings to 14,500 shares. The transaction occurred when the stock trades at $1.90, down -65.2% from its 52-week high of $5.46 and -18.8% over the prior 30 days. PALTALK reported $2.1M in latest quarterly revenue, a -0.1% annual revenue decline, and a negative full-year net income of $-1.5M, with a current market capitalization of $17.6M. The purchase adds 26.1% to his prior holdings. While his cross-ticker track record shows 1 prior buy with an average 30-day return of +5.3%, his PALT-specific trading history is limited to 1 prior buy on 2024-09-06, and the timing pattern shows no prior buys well-timed at the 90-day mark. The modest transaction size, deteriorating stock price trajectory, and company's loss-making fundamentals underscore that this represents a discretionary open-market acquisition in a financially distressed, micro-cap equity.