Hunsberger Mary Elizabeth

COO Mary Elizabeth Hunsberger buys 5,000 shares at $3.08 avg, growing stake 33.3% to 20,000 shares amid -50.2% YTD decline

Mary Elizabeth Hunsberger, Chief Operating Officer of CULP INC, purchased 5,000 shares across 2 transactions on 2026-03-18 at a blended average price of $3.08, expanding her holdings from 15,000 to 20,000 shares (+33.3%). The purchase occurs as the stock trades at $2.79, down 50.2% from its 52-week high of $5.60 and down 18.4% over the prior 30 days. Fundamentally, the company reported negative net income of $-3.4M against quarterly revenue of $48.0M, with annual revenue declining 5.4% year-over-year. Notably, in her prior open-market transaction at this ticker (2024-12-16), the stock declined 7.4% over the following 90 days, and her cross-ticker track record shows 0 of 1 prior buys were well-timed at the 90-day mark.

CULP President buys 5,000 shares at $5.55; stock -19.7% from 52-week high, company unprofitable. Cluster buy pattern (3 other insiders in 14 days).

Mary Elizabeth Hunsberger, President of Upholstery Fabrics, purchased 5,000 shares at $5.55 on 2024-12-16, increasing her holdings from 10,000 shares to 15,000 shares (+50.0%). The company currently trades at $5.26, down -19.7% from its 52-week high of $6.55, and faces material headwinds: the most recent quarter showed a net loss of $-5.6M on revenue of $55.7M, and full-year net income was negative. The transaction is accompanied by a cluster buy pattern—3 other insiders also purchased shares within the past 14 days. Against a backdrop of operational losses and a stock retreating from recent highs, coordinated insider purchases across multiple executives warrants examination of whether this reflects confidence in a turnaround or execution challenges at the operational level.