Harrington Michael J

Director Harrington buys 10,000 NOTV shares at $3.98; NOTV down 56.2% from 52-week high, 3-insider cluster buy pattern

Harrington Michael J (Director) purchased 10,000 shares at $3.98 on 2024-12-06, increasing his holdings by 36.4% to 37,500 shares total. The transaction occurs within a broader cluster pattern: 3 other insiders also bought within the past 14 days, suggesting coordinated confidence or response to company circumstances. The stock is currently trading at $4.84, down 56.2% from its 52-week high of $11.04, though it has gained 239.6% over the past 90 days from much lower levels. Inotiv is unprofitable (net income of $-26.1M in the latest quarter) with negative annual revenue growth of -14.3%, making this purchase noteworthy as a concentrated insider accumulation during a period of operational distress and significant valuation reset.

Director Michael J Harrington bought 3,500 shares of ELAN at $14.85 on 2024-08-22; stock down 21.4% from 52-week high despite +12.4% 30-day bounce.

Director Harrington purchased 3,500 shares at $14.85, increasing his holdings to 81,094 shares (+4.5% position growth). The timing of this purchase follows a 12.4% 30-day rally in ELAN, though the stock remains 21.4% below its 52-week high of $18.45. Fundamentally, the company is unprofitable with net income of $-50,000,000 and minimal revenue growth of +0.1%, representing a challenged operational backdrop. Looking at his same-ticker history, Harrington's prior purchase at ELAN on 2024-03-08 posted a +12.2% 90-day return, establishing a pattern of favorable post-purchase outcomes at this ticker, though this is limited to a single prior trade.