MODD director Sheibley Philip Brent bought 15,000 shares at $1.69 on 2024-08-19; holdings now 66,139 shares. Prior 2 buys at MODD returned +3062.8% and +2483.1% in 30 days.
Sheibley Philip Brent, a director, purchased 15,000 shares at $1.69, increasing his stake by +29.3% to 66,139 shares. His prior 2 open-market buys at MODD both generated exceptionally strong 30-day returns of +3062.8% and +2483.1%, with 90-day returns exceeding +4000% each time. However, the company's fundamentals remain challenged: revenue was $0.00 in the latest quarter and net income stands at $-4,137,000.00, indicating ongoing unprofitability. The current price of $50.10 is -23.0% from the 52-week high, providing context for this purchase relative to recent volatility. The pattern of consistent accumulation by this insider paired with historically outsized post-purchase gains warrants tracking, though the lack of current profitability and zero revenue underscore execution risk.