Director Richard C. Elias purchased 1,000 shares at $92.84, representing the largest insider purchase in the company's history. This move comes as the stock has crashed 41.27% over the past year, potentially signaling a contrarian bet on oversold conditions.
Price context
The stock is trading at $90.76, down 28.41% over the last 90 days and 41.27% over the past year, putting it just 8.24% above its 52-week low of $83.85.
Catalysts to watch
- •Q1 CY2026 results on May 3 showed revenue falling 14.5% YoY and EPS missing estimates by 36.7%.
- •Management reduced its multi-year outlook on May 19 following softer demand.
- •A cluster of 2 other insider purchases occurred in the last 30 days.
Risks
- •Citi lowered the price target to $100 on May 16.
- •The stock is down 19.5% over the past six months due to softer quarterly results.
AI-generated context from public data. Not investment advice. Verify before trading.