Stephen Keller purchased 20,000 shares at $8.66, marking the largest insider purchase in the company's history. This move comes as the stock has surged nearly 99% over the last 90 days, potentially signaling confidence in the company's strategic divestitures.
Price context
The stock is currently trading at $9.55, up 98.13% over the last 90 days but still down 46.05% from its 52-week high of $17.70.
Catalysts to watch
- •The sale of the Sterno Foodservice business to Archer Foodservice Partners for $292.5M announced on April 29.
- •B. Riley raising the price target to $10.50 on April 25.
- •The trade represents the largest insider purchase in the company's history.
Risks
- •The stock faces risks related to ongoing questions around divestiture timing and credit agreements highlighted in recent news.
- •The forward P/E of 40.36 suggests the stock is expensive relative to earnings.
AI-generated context from public data. Not investment advice. Verify before trading.