5 Worst-Performing Stocks Insiders are Buying in 2024

3. Vestis Corp (NYSE:VSTS)

YTD Stock Price Decline: 44.68%

Rental uniforms and workplace supplies company Vestis Corp (NYSE:VSTS) is one of the worst-performing stocks in 2024 seeing latest insider purchases. The stock has lost about 44% in value so far this year.  On April 30, Vestis Corp’s (NYSE:VSTS) CEO West W. Gilbert snapped up 250,000 shares of Vestis Corp (NYSE:VSTS) at $4.46 per share. The total worth of this transaction was about $2.16 million.

Vestis Corp (NYSE:VSTS) shares took a dive earlier this month after the company posted second quarter results. GAAP EPS in the period came in at $0.05 per share, missing estimates by $0.13. Revenue of $705 million missed estimates by $18.06 million.

The next day of latest earnings, on May 3, James Phillip Holloman, a director at Vestis Corp (NYSE:VSTS), bought 20,200 shares of Vestis Corp (NYSE:VSTS) at $9.93 per share. Since then the stock is up 23%.