CEO Painter Corning F. buys 20,000 shares of OEC at $11.08; stock now -57.1% from 52-week high of $25.95
CEO Painter Corning F. purchased 20,000 shares at $11.08 on 2025-05-13, increasing holdings to 1.08M shares. This buy occurs amid significant weakness: OEC is trading -57.1% below its 52-week high of $25.95 and down -21.4% over the past 90 days. Notably, the insider's prior four trades at OEC show poor timing, with only 1 of 4 prior buys well-timed at the 90-day mark; the three most recent OEC purchases (all in August 2024 and earlier) yielded 90-day returns of -0.6%, -11.5%, and -14.9%. The insider's broader cross-ticker track record is similarly weak: 4 prior buys averaged -3.7% over 30 days and -4.8% over 90 days, with a 25% win rate. Fundamentals remain challenged with flat annual revenue growth (-0.9%) and net income of $9.1M on $477.7M revenue, alongside a P/E of 23.70. This purchase lacks a pattern of well-timed accumulation at this ticker.