LORBER HOWARD M

Howard M Lorber sells 1,081,414 DOUG shares at $1.68 (44.3% of position) as stock trades near 52-week low vs high of $3.10

Lorber executed a substantial reduction of his Douglas Elliman stake, selling 1,081,414 shares at $1.68 and retaining 1,358,499 shares post-transaction. The sale occurred at a price 44.3% below the 52-week high of $3.10 and represents a 55.7% discount to the current price of $2.39. His prior three trades at this ticker (July 2024) were well-timed with 90-day gains of 51.8%, 60.4%, and 71.6%, suggesting effective pattern recognition; the current sale at depressed levels may reflect similar timing judgment relative to fundamentals. Douglas Elliman faced headwinds with annual revenue declining 17.1% year-over-year and posted a $-27.2M net loss in the latest quarter, underpinning the stock's compression toward 52-week lows despite recent 30-day volatility of +64.8%.

CEO Lorber bought 100,000 shares at blended avg $1.15 across 3 transactions; stock down -60.3% from 52-week high amid unprofitability.

Lorber purchased 100,000 shares (100.0K shares) for $114,562.93 across three separate buys on July 8–10, 2024, at transaction prices ranging from $1.09 to $1.22 (blended average $1.15). The stock currently trades at $1.23, having fallen -60.3% from its 52-week high of $3.10, while the company reported a net loss of $-41,475,000.00 over its most recent fiscal year and annual revenue declined -17.1%. Notably, a cluster of 3 other insiders also purchased shares within the past 14 days, indicating coordinated board or management activity in the same period. Lorber's prior buy at this ticker (2023-08-21) showed a negative 90-day return (-20.0%), and his cross-ticker track record shows a 0% win rate on prior buys over the 90-day horizon, suggesting his historical transaction timing has not been favorable.