Smiley Joshua L bought 10,000 shares of Zai Lab (ZLAB) at $28.91 on 2025-09-10; stock down 7.9% in 30 days, 0 of 4 prior buys well-timed at 90-day mark
Smiley Joshua L purchased 10,000 shares at $28.91, increasing his holdings by 13.1% to 86,604 shares total. The company's fundamentals show revenue of $109,977,000.00 for the latest quarter with annual growth of +49.6%, but it remains unprofitable with net income of $-40,727,000.00 (latest quarter) and negative full-year earnings. Relative to price context, the current price of $32.80 is 23.8% below the 52-week high of $43.03 and the stock is down 7.9% over the past 30 days. His prior buy timing at this ticker shows a concerning pattern: across 4 prior ZLAB purchases, 0 were well-timed at the 90-day mark, with cumulative 90-day performance including -24.0%, -12.7%, -32.6%, and -28.0%. The cross-ticker track record reinforces this pattern—an average 90-day return of -24.3% with a 0% win rate across 4 prior buys. This transaction represents continued accumulation into a stock where his own historical entry points have not materialized into gains within three months, and the company continues to run an operating loss despite revenue momentum.