Director Benjamin Marchive buys 2,000 shares of Empire Petroleum at $3.14; stock down -61.0% from 52-week high, insider's prior trades at EP were underwater.
Director Benjamin J. Marchive II purchased 2,000 shares on 2025-11-18 at $3.14, increasing his holdings to 63,000 shares. The current price of $3.03 is -61.0% below the 52-week high of $7.78, and the stock has declined -18.6% over 30 days and -36.3% over 90 days. At Empire Petroleum, Marchive's prior purchase on 2024-05-29 showed a 90-day return of -35.7%, and his prior buy on 2023-12-29 posted a 90-day return of -53.4%, establishing a pattern where 0 of 2 prior buys at this ticker were well-timed. Fundamentally, the company reported a net loss of $-3.8M on quarterly revenue of $9.4M and was unprofitable over its most recent full fiscal year, creating material headwinds that may explain the sustained price decline and the insider's repeated accumulation against a deteriorating backdrop.