Austin S. Heidt, 10% Owner at E.W. SCRIPPS Co (SSP), bought 4,000 shares at $4.48 ($18K) on 2026-03-10, disclosed to the SEC on 2026-03-11.
Austin S. Heidt, a 10% holder, purchased 4,000 shares for $17,922.8, marking the largest insider purchase in the company's history. This significant buy signals confidence in the stock's recovery potential following a volatile 90-day period.
The stock is currently trading at $4.17, having rallied 15.19% over the last 30 days despite a 14.9% decline over the past quarter. It remains 16.27% below its 52-week high of $4.98, suggesting room for upside if momentum continues.
The insider purchase is the largest ever recorded for this holder, and a cluster of 13 other insiders bought shares in the last 30 days, indicating strong internal momentum. Additionally, the stock has seen a net buyer flow of 6.0% over the last 90 days, which often precedes price appreciation.
The stock faces elevated risk with a short interest of 6.51% of the float, which could lead to volatility if the price moves sharply. Furthermore, the company reported a GAAP loss of $0.20 per share in Q1, which was 55.6% worse than analyst estimates.
Nothing distinguishes this filing.