Director Baker G Leonard Jr bought 100,000 shares of CORT for $3.3M at $33.14 avg; stock down 70.2% from $114.22 high.
Director Baker G Leonard Jr purchased 100,000 shares across 2 separate transactions on 2026-03-17 at blended average price $33.14, bringing total holdings to 1,146,631 shares (a +9.6% increase). The purchase occurred when CORT traded at levels 70.2% below its 52-week high of $114.22, reflecting significant recent price deterioration (90-day decline of 59.3%). The company maintains solid fundamentals with $207.6M quarterly revenue, $19.7M net income, and 12.8% annual growth, though the elevated P/E of 55.87 suggests market expectations remain optimistic despite the stock's marked decline. This substantial discretionary acquisition by a director during a period of pronounced weakness provides a tangible data point for monitoring how insider actions correspond with subsequent price recovery or further deterioration.