Director Gregory T Lucier purchases 10,000 shares as stock trades well below 52-week highs amid company losses.
Gregory T Lucier, a director at Avantor, purchased shares during a period when the stock is trading substantially below its 52-week high. The company is currently unprofitable with negative annual earnings, though the latest quarter showed a return to profitability. Lucier's prior buy at this company did not work out well — the stock declined in the months that followed that purchase. His overall track record across all holdings has been mixed at best, with prior purchases frequently followed by declines. This current purchase occurs at a moment of fundamental weakness and comes after a track record of poor timing, making it difficult to interpret as a strong conviction signal. The fact that he is continuing to buy despite prior unsuccessful trades at this company suggests either underlying conviction or lack of caution, but the weight of timing evidence does not support a bullish interpretation.