Director Subin Neil S acquired 250,000 shares of NN for $1,731,500.00 in 3 transactions at $6.92–$6.93, expanding stake 11.0%
Director Subin Neil S executed 3 separate purchases totaling 250,000 shares for $1,731,500.00 over four days (Aug 23–27, 2024) at a blended average price of $6.93, increasing his holdings from 2,265,213 to 2,515,213 shares—an 11.0% increase in stake size. The timing is noteworthy: the stock has declined 26.0% from its 52-week high and 16.5% over the prior 30 days, placing the purchases near recent lows within the $3.64–$9.42 range. At the same ticker, prior buys on 2024-05-15, 2024-05-14, and 2024-05-13 each returned negative at the 90-day mark (ranging from -2.0% to -5.6%), though earlier purchases on 2024-03-20 and 2024-03-19 showed strong 90-day gains (+57.0% and +55.5%). Fundamentally, the company reported quarterly revenue of $1,105,000.00 with a net loss of $24,390,000.00, reflects a -1.6% annual revenue decline, and carries a $880.5M market cap while unprofitable. The current stock price of $6.97 sits only $0.04 above the blended purchase price, indicating minimal post-transaction movement.