Director Jackson Pazel Jr buys 8,982 shares of CARV at $1.67; 4 other insiders also bought within 14 days as company struggles with $-2.1M net loss.
Jackson Pazel Jr, a director, purchased 8,982 shares at $1.67 on 2024-11-25, increasing his holdings by 142.0% from 6,326 to 15,308 shares. This transaction occurs within a cluster pattern: 4 other insiders also bought within the past 14 days, suggesting coordinated accumulation during a period of operational difficulty. The company reported a net income of $-2.1M in its most recent full fiscal year and remains unprofitable, with quarterly revenue of $711,000.00 and a market cap of $9.4M. The stock is trading at $1.83, down 21.8% from its 52-week high of $2.34, though up 1.7% over the past 30 days. The multi-insider buy cluster during financial distress warrants investor attention to whether this reflects management conviction in recovery or other strategic positioning within a micro-cap financial institution.