Director Lutey bought 1,000 shares of MYE at $12.15; 6 other insiders also bought within 14 days as stock down 49.0% from 52-week high.
Lori A. Lutey, a director, purchased 1,000 shares at $12.15 on 2024-12-05, bringing her holdings to 12,500 shares. This transaction occurs within a broader cluster: 6 other insiders have also bought within the past 14 days. The timing coincides with material company headwinds—Myers Industries reported a net loss of $-10.9M in the latest quarter and annual revenue declined 9.6% year-over-year, while the stock trades 49.0% below its 52-week high of $23.22 and has fallen 15.5% over the past 90 days. The cluster buying pattern suggests multiple decision-makers are accumulating shares at depressed price levels alongside deteriorating financial results.