CEO Pietro Bersani purchases 3,488 shares in 2 transactions for $7,406.84 at KRBP, raising stake to 142,333 shares
Chief Executive Officer Pietro Bersani completed 2 separate purchases totaling 3,488 shares for $7,406.84 at blended average price of $2.12, increasing his holdings by 2.5% to 142,333 shares. The purchases occurred as the stock traded near its 52-week low of $0.18, currently at $1.93, down 44.2% from its 52-week high of $3.46. Notably, his prior two purchases at KRBP (on 2024-06-11 and 2024-06-12) posted negative 30-day returns of -24.7% and -46.6% respectively, indicating recent buying activity at this company has not been well-timed. The company reported net income of $-6,825,000.00 over its most recent full fiscal year, and the market cap stands at only $2,983,625.60, adding material uncertainty to the investment thesis underlying these purchases.