CEO Marc Hedrick bought 8,000 shares of PSTV at $1.23; stock now $33.75 (down 54.6% from 52-week high), 3 other insiders also bought in past 14 days
Chief Executive Officer Marc Hedrick purchased 8,000 shares at $1.23 on 2024-09-10, increasing his holdings by 64.4% to 20.4K shares. This represents his second open-market purchase of PSTV; his prior buy on 2024-05-08 posted a 90d return of +1860.8%. The current transaction occurred as the stock is trading 54.6% below its 52-week high and down 36.6% over 90 days. A cluster pattern is present, with 3 other insiders also purchasing within the past 14 days. The company reported latest-quarter revenue of $703.0K with a net loss of $-2.9M, though annual revenue growth stands at 36.5% year-over-year. The concentration of insider buying despite recent price weakness and ongoing unprofitability merits investor attention to the company's underlying fundamentals and management's forward outlook.