Director David Oliver Jr bought 200 AMSC shares at $8.33 on 2019-06-18; stock now down 49.6% from 52-week high at $33.63.
Director David Oliver Jr purchased 200 shares of American Superconductor at $8.33, a modest transaction adding 0.3% to his 60.7K share holdings. The purchase occurred at a point when the stock was trading significantly below its 52-week high of $66.68 (the current price of $33.63 is 49.6% below that peak) and has declined 48.7% over the trailing 30 days and 36.6% over 90 days, indicating a period of sharp downward price pressure. Despite the favorable FY revenue growth of 53.0% and net income of $4.8M in the latest quarter, the company's elevated P/E of 98.91 and recent sharp drawdown create a mixed fundamental backdrop. The small size and incremental nature of this buy—increasing holdings from 60.7K to 60.9K shares—provides limited signal about directional conviction on recovery.