CEO Chedid Simoes Eduardo buys 87,505 shares at $11.52; stock down 46.2% from 52-week high, cluster pattern with 2 other insider buys in 14 days
CEO Chedid Simoes Eduardo purchased 87,505 shares at $11.52 on 2026-03-26, establishing an initial position of 87.5K shares with a total transaction value of $1,008,057.60. The purchase occurs as the stock trades at $10.22, representing a 46.2% decline from its 52-week high of $19.00 and a 42.8% drop over the past 30 days. A cluster pattern is present, with 2 other insiders also purchasing shares within the past 14 days. The combination of CEO accumulation at a significantly depressed price level, concurrent with peer insider purchases, suggests coordinated confidence in the company's valuation relative to recent market performance.