10% owner DGP Co. bought 237.2K shares of XCUR at $3.00 on 2024-09-12, raising stake to 849.2K shares; stock now $2.26 (-51.4% from 52-week high).
DGP Co., Ltd., a 10% owner, purchased 237,223 shares at $3.00, adding to an existing position and increasing holdings from 612,000 to 849.2K shares. The acquisition occurred when Exicure was posting zero quarterly revenue and negative net income of $-600,000.00, with annual revenue declining -100.0% year-over-year and a market cap of only $19.6M. The stock has since declined from the transaction price of $3.00 to $2.26 (currently -51.4% from its 52-week high of $4.65). While the 30-day post-purchase price action showed +25.6% appreciation and 90-day showed +37.0%, the stock's subsequent collapse below the purchase price and the company's deteriorating fundamentals raise questions about the forward outlook. The timing of this buy—at a higher price than current levels—occurs amid a company in revenue freefall and substantial operating losses.