Director James Geygan buys 61,368 shares for $168,902.47; stock down -23.4% in 90 days, unprofitable fundamentals
James Geygan purchased 61,368 shares in 2 separate transactions totaling $168,902.47, raising his holdings to 3,060,448 shares. However, the purchase occurs against a backdrop of deteriorating company performance: FLNT reported negative net income of $-5,354,000.00, annual revenue declined -18.0%, and the stock is -35.2% from its 52-week high. Geygan's own track record at this ticker is concerning—his 3 prior buys at FLNT all resulted in negative 90-day returns (ranging from -8.7% to -36.3%), with 0 of 3 well-timed at the 90-day mark. The current stock price of $2.69 remains below the transaction prices of $2.75 and $2.78, and the 90-day decline of -23.4% extends the pattern of adverse timing in this stock.