CEO Bevis bought 50,000 shares at avg $2.17 (May 12-14); cluster pattern with 2 other insiders; stock -52.2% from 52-week high, company unprofitable
Bevis Harold C, President and CEO of NN INC, executed 4 separate purchases totaling 50,000 shares for $108,686.85 between May 12–14, 2025, at prices ranging from $1.84 to $2.20 and blending to $2.17 per share. This represents a 3.5% increase in his holdings to 1.46M shares post-transaction. The acquisition occurred within a cluster: 2 other insiders also bought within the past 14 days, an observation pattern that warrants attention. The stock is currently trading at $2.03, representing a 52.2% decline from its 52-week high of $4.25, and the company reported $105.7M in revenue against a net loss of $6.7M in its most recent quarter, with full-year net income negative. An investor should track whether this insider accumulation during a period of operational losses and significant price weakness precedes a reversal or continued deterioration in fundamentals.