Director Kayyem Jon Faiz purchased 107,186 shares at blended average price $14.21 across 4 transactions on 2024-11-19 and 2024-11-20, investing $1,523,619.52.
Director Faiz purchased 107,186 shares totaling $1,523,619.52 at a blended average price of $14.21, a significant personal investment. However, his track record presents a cautionary pattern: across 7 prior open-market buys, the average 30-day return was -22.7% and 90-day return was -14.2%, with a 90-day win rate of 0.00%. His five prior purchases at INBX specifically showed similarly negative outcomes, with all five trades experiencing negative 90-day returns ranging from -7.4% to -20.2%. The stock is currently trading at $14.08, down 64.4% from its 52-week high of $39.56, and the company faces significant headwinds: revenue of $0.00 in the latest quarter and a net loss of $-43,864,000.00. The purchase occurs against a backdrop of consistent underperformance in this insider's prior trades and fundamental weakness at the company.