Christopher J. Abate, Chief Executive Officer at REDWOOD TRUST INC (RWT), bought 100,000 shares at $3.84 ($384K) on 2026-09-15, disclosed to the SEC on 2026-09-15.
CEO Christopher J. Abate purchased 100,000 shares for $383,900 at $3.84, marking the largest insider purchase in the company's history. This significant buyback by the CEO during a steep market decline suggests confidence in the company's long-term value and potential turnaround.
The stock has suffered a severe correction, dropping 25.49% over the last 90 days and 37.62% over the past year, currently trading 45.05% below its 52-week high of $6.97.
1) Next earnings print on July 29, 2026, following a Q2 2026 GAAP net loss of $3 million and a revenue miss of -26.20% on July 28, 2026; 2) The company's Q2 2026 earnings call on July 29, 2026, which highlighted mortgage banking returns above 20% and efforts to reduce legacy investment portfolio risk.
The company faces significant financial headwinds, having reported a GAAP net loss of $3 million in Q2 2026 and a revenue miss of -26.20% versus estimates, which could pressure the stock further.
Something here stands out, but not much.
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| RWT | SELL | 2015-05-05 | $35K | — | Filing → |