Director Neil Mehta purchased $37.6 million worth of shares at $18.64, marking the largest insider purchase in the company's history. This significant bet on the stock, which is down 28% over the last 90 days, suggests management sees value despite recent operational challenges.
Price context
The stock is currently trading at $18.45, a 3.25% decline over the past five days and a 28% drop over the last 90 days. It sits roughly 46% below its 52-week high of $34.08 and is only 10% above its 52-week low of $16.74.
Catalysts to watch
- •The trade represents the largest insider purchase in the company's history (signal_flags.is_largest_ever).
- •Management announced a larger share repurchase plan in the Q1 2026 update on May 24.
- •South Korea's online retail share crossed 60% for the first time in data tracked since June 2016 on May 26.
Risks
The stock faces pressure from a 2.17% short interest on the float and a Citi downgrade following Q1 2026 results that showed a net loss and weaker adjusted EBITDA.
AI-generated context from public data. Not investment advice. Verify before trading.