10% owner Schornstein purchases 25,000 ASMB shares ($371,994.32) across 3 trades; prior 90-day buys showed 100% positive returns
Schornstein Alexander, a 10% owner, executed 3 separate purchases totaling 25,000 shares for $371,994.32 between November 22–25, 2024, at an average price of $14.88, increasing his stake by 3.6% to 728,113 shares. His prior open-market trades at ASMB show a strong timing pattern: four of four earlier buys at this ticker delivered positive 90-day returns, ranging from +17.3% to +1752.0%, suggesting a track record of entering ahead of subsequent price appreciation. This current filing comes as the stock trades at $15.20, down 21.8% from its 52-week high and down 10.1% over the past 30 days, positioning the purchase near depressed recent levels relative to the year's range. The company remains unprofitable (net income of $-9,613,000 on revenue of $6,845,000 in the latest quarter), introducing operational risk that tempers conviction-based readings of insider purchases.