Director Parnell buys 3,500 SCKT shares at $0.98; stock down 37.6% from 52-week high, post-purchase holdings 75,350 shares.
Director William L. Parnell Jr. purchased 3,500 shares at $0.98, increasing his holdings to 75,350 shares. The transaction occurs while SCKT trades 37.6% below its 52-week high of $1.62 and has declined 14.8% over the preceding 30 days. Examining Parnell's history at SCKT reveals a concerning pattern: 0 of his 5 prior purchases at this ticker achieved positive 90-day returns, with outcomes ranging from -15.2% to +3.1% over 30 days and -7.7% to -0.5% over 90 days. Broader cross-ticker data shows his 7 prior open-market buys averaged -3.6% 30-day return and +7.4% 90-day return with a 28.57% 90-day win rate, underperforming both his stock-specific track and typical insider benchmarks. The company reported a net loss of $792,141 in the latest quarter against $4,041,739 revenue, with full-year results also unprofitable. This purchase occurs in the context of persistent stock weakness, prior unsuccessful timing at the same ticker, and ongoing operational losses.