Director Lawrence buys 742 OLED shares at $180.89; stock now -21.4% from 52-week high on weak revenue growth.
Lawrence purchased 742 shares at $180.89 on 2024-11-04, increasing holdings from 121,630 to 122,372 shares. The purchase comes as OLED trades at $185.85, down -21.4% from its 52-week high of $236.42 and -11.3% over the past 30 days. At the same-ticker level, Lawrence's prior buy on 2024-08-28 showed a 30-day return of +9.5%, while his four prior sales at OLED posted a 0.00% well-timed rate at the 90-day mark, indicating poor sell timing historically. Fundamentally, the company reported annual revenue growth of -6.5%, a headwind that contextualizes this modest buy ($134.2K) within a declining revenue environment. The +10.6% 90-day rally and rebound from recent weakness may have motivated this purchase, though its significance remains modest given the small share quantity relative to existing holdings (+0.6%).
Director Lawrence Lacerte buys 1,000 shares of OLED at $187.99; stock down -18.1% from 52-week high.
Director Lawrence Lacerte purchased 1,000 shares of UNIVERSAL DISPLAY CORP at $187.99, increasing his stake from 120,316 to 121,316 shares. The transaction occurs near a significant trough—OLED's current price of $193.72 is -18.1% from its 52-week high of $236.42 and down -13.0% over the prior 30 days. However, Lacerte's prior same-ticker trading history offers limited reassurance: his 4 prior trades at OLED (all sells in early 2024 and mid-2023) generated positive 90-day returns in each case (ranging from +2.7% to +20.4%), meaning none were well-timed by the metric of capturing downturns. The company's fundamentals show Annual revenue growth of -6.5% year-over-year against a backdrop of a P/E of 41.30, suggesting elevated valuation relative to near-term earnings momentum. This modest purchase does not represent a substantial increase in absolute or proportional holdings but does occur as the stock trades below recent highs.
