Chris Lavern Reed, Director at Byrna Technologies Inc. (BYRN), bought 8,150 shares at $3.63 ($30K) on 2026-07-24, disclosed to the SEC on 2026-07-28.
Director Chris Lavern Reed purchased 8,150 shares for $29,584.50 at $3.63, marking the largest insider purchase in the company's history. This significant accumulation comes as the stock has crashed 83% over the past year, potentially signaling a contrarian bet on a bottom.
BYRN is down 31.24% over the last 30 days and is currently trading 87.13% below its 52-week high of $30.62, despite a 15.71% gain in the last five days.
1) Q2 2026 Earnings Call Summary on July 10, 2026; 2) Analysts cut fair value estimates from $13.67 to $6.83 on July 25, 2026, citing weaker Q2 results; 3) A cluster of 4 other insiders bought shares in the last 30 days.
The stock faces significant headwinds, including a 12.31% short interest percentage and a recent analyst note on July 25, 2026, that cut fair value estimates to $6.83 due to weaker Q2 2026 results and a reduced fiscal 2026 outlook.
Something here stands out, but not much.