Director Bailey Gregory bought 400,000 shares of BHVN at $7.50 (Nov 13); stock now $8.27, down -83.6% from 52-week high of $50.36.
Bailey Gregory, a Director, purchased 400,000 shares at $7.50 on 2025-11-13, increasing his holdings by 24.7% to 2.02M shares. The stock has declined sharply: it stands at $8.27 today, representing a -83.6% drop from its 52-week high of $50.36, and has fallen -48.2% over the past 30 days. Biohaven is unprofitable, with net income of $-173.4M for the full fiscal year and a market cap of $875.4M. Critically, Gregory's historical track record at BHVN shows poor timing: of his four prior buys at this ticker, only 1 of 4 was well-timed at the 90-day mark, with an average 90-day return across those trades of -5.5%. The current purchase coincides with a cluster buy pattern—3 other insiders also bought within the past 14 days—yet this cluster activity occurs during a period of severe stock depreciation and fundamental unprofitability, making it difficult to draw a confidence signal from the timing alone.