Director McKenzie Diana purchases 20,000 shares in 2 transactions totaling $44,962.50; cluster pattern with 2 other insiders buying within 14 days.
Diana, a Director, executed 2 separate purchases totaling 20,000 shares at an average price of $2.25, increasing her holdings by 51.5% from 38,819 to 58,819 shares. The purchases occurred at $2.28 on 2024-11-25 and $2.20 on 2024-12-09, during a period when the stock is trading at $49.75 and has declined 85.3% from its 52-week high of $339.25 and down 39.9% over the past 90 days. The cluster pattern—with 2 other insiders also buying within the past 14 days—indicates coordinated insider accumulation at substantially depressed levels. Against this backdrop, the company reported revenue of $1,450,932,000.00 with net income of -$117,615,000.00 in its most recent quarter and remains unprofitable on a full-year basis, though it shows strong annual revenue growth of 59.4%. The convergence of multiple insider purchases during a significant drawdown warrants attention to whether insiders view the current price as an opportunity relative to fundamentals.