CFO James D. Gray purchased 5,000 shares for $204,725, marking the largest purchase of his career. This insider buying occurs as the stock trades near its 52-week low and faces pressure from activist investor Starboard Value regarding cost discipline.
Price context
The stock has fallen 5.2% over the past five days and 20.26% over the last three months, trading 39.87% below its 52-week high of $67.07.
Catalysts to watch
- •The purchase represents the largest insider trade of the CFO's career.
- •Activist investor Starboard Value sent a letter on April 30, 2026, urging a strategy reset and cost discipline.
- •The stock is up 10.7% since the last earnings report on May 1, 2026.
Risks
- •The stock carries a short interest of 5.93% of the float.
- •Activist investor Starboard Value has criticized the company for nearly tripling SG&A expenses over the past decade despite modest volume growth.
AI-generated context from public data. Not investment advice. Verify before trading.