10% owner Nicholas S Schorsch buys 8,000 shares at $9.53; stock down 47.9% from 52-week high, company unprofitable with -100.0% annual revenue growth.
Nicholas S Schorsch, a 10% owner, purchased 8,000 shares at $9.53 on 2026-06-30, increasing his holdings to 1.09M shares. The purchase occurs in a deteriorating operating environment: the company reported $-7.8M net income and -100.0% annual revenue growth, while the stock trades at $8.49, down 47.9% from its 52-week high of $16.30. Notably, Schorsch has engaged in rapid sequential buying over five consecutive trading days (2026-06-22 through 2026-06-30), all at prices in the $9.53 range, suggesting opportunistic accumulation into a sharp decline. His cross-ticker insider trading track record is highly unfavorable: 20 prior open-market buys averaged -17.4% returns over 30 days and -21.4% over 90 days, with a 0.00% win rate, indicating a consistent pattern of purchasing near interim peaks rather than durable bottoms.