Director Sturgeon bought 1,261 shares of CTCX at $0.51 on 2024-09-06; stock now $0.47, down 90.4% from 52-week high.
Sturgeon Patrick A, a director, purchased 1,261 shares at $0.51 per share on September 6, 2024, adding to his holdings after five consecutive buys over the prior five trading days (August 26–30). The stock has collapsed since: currently trading at $0.47 (down 90.4% from its 52-week high of $4.87) and down 55.2% in just 30 days. Carmell Corp is unprofitable, posting $-3.3M net income for its most recent full fiscal year on minimal $12.3K quarterly revenue, and carries a market cap of only $9.8M. The pattern of daily accumulation combined with cluster buying from 5 other insiders within 14 days suggests coordinated action, though the fundamental deterioration and severe price decline underscore the material risk underlying the position.