LYEL CEO Lynn bought 175.0K shares at $0.61 amid cluster buy; stock down -83.9% from 52-week high at $60.20.
Seely Lynn, President and CEO, purchased 175,000 shares at $0.61 on 2025-03-14, increasing holdings by 32.6% to 712,500 shares. This transaction occurs within a broader cluster pattern: 2 other insiders also bought within the past 14 days. Notably, the company is unprofitable, with net income of $-44,583,000.00 in its most recent full fiscal year and quarterly revenue of only $34,000.00, alongside an annual revenue decline of -53.1%. The stock trades at $9.67, down -83.9% from its 52-week high of $60.20 and down -20.8% over the past 30 days. This purchase by the CEO, combined with concurrent insider accumulation, occurs at a severe markdown from recent highs and against a backdrop of severe financial deterioration and losses.