COO Richard Lampen buys 75,000 DOUG shares at $1.20; part of cluster activity as stock trades -60.6% from 52-week high.
Richard Lampen, Executive Vice President & COO, purchased 75,000 shares at $1.20, bringing his holdings to 2,272,804 shares, in a transaction filed within days of two other insider buys at Douglas Elliman. The cluster activity is notable given Douglas Elliman's stressed fundamentals: the company posted -$41,475,000 net income on $200,239,000 quarterly revenue with -17.1% annual revenue decline and currently trades -60.6% from its 52-week high of $3.10. Lampen's own prior trades at DOUG show mixed timing: two of his three measurable buys at this ticker were followed by 90-day gains (60.5% and 47.4% respectively), though his cross-ticker track record shows a 75.00% win rate on buys with an average 90-day return of +5.0%. At current price of $1.22, the stock has already retraced -0.2% since this purchase, and the company remains unprofitable.