low
Buy
3,500 shares
$29,957
Significance
3/10
COO Max Narancich purchases 3,500 shares of TWI at $8.56; stock -21.4% from 52-week high amid unprofitable operations
Max Narancich, COO of Carlstar, acquired 3,500 shares at $8.56, increasing his holdings by 6.8% to 55,039 shares. The purchase occurred as TWI trades -21.4% below its 52-week high of $10.86 and the company remains unprofitable with a net income of $-4.5M in the latest quarter despite revenue of $460.8M. The timing follows a 30-day decline of -10.9%, though gains of +21.7% over 90 days suggest recent volatility. Without disclosed rationale or context regarding motivation, the transaction reflects an insider purchase at depressed levels during a period of operational challenges at the company.