This article presents an overview of the 5 Worst-Performing Stocks Insiders are Buying in 2024. For a detailed overview of such stocks read our article, 10 Worst-Performing Stocks Insiders are Buying in 2024.
5. PENN Entertainment Inc (NASDAQ:PENN)
YTD Stock Price Decline: 38.03%
On May 6, David A. Handler, a director at PENN Entertainment Inc (NASDAQ:PENN), piled into 40,000 shares of PENN Entertainment Inc (NASDAQ:PENN) at $15.61 per share. Since then through May 9 market close the stock price is up 5.4%. As of the end of the fourth quarter of 2023, 31 hedge funds tracked by Insider Monkey had stakes in PENN Entertainment Inc (NASDAQ:PENN). PENN Entertainment Inc (NASDAQ:PENN) shares are down 37% so far this year.
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4. 908 Devices Inc. (NASDAQ:MASS)
YTD Stock Price Decline: 42.54%
908 Devices Inc. (NASDAQ:MASS) makes mass spectrometry devices to interrogate materials. The stock is down about 41% so far this year through May 10. On May 9, 908 Devices Inc.’s (NASDAQ:MASS) CEO Kevin J. Knopp bought 10,000 shares of 908 Devices Inc. (NASDAQ:MASS) at $5.83 per share. The total value of this transaction was about $1 million.
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%.
2. CEL-SCI Corp (NYSE:CVM)
YTD Stock Price Decline: 47.21%
Virginia-based biotech company CEL-SCI Corp (NYSE:CVM) ranks second in our list of the worst-performing stocks insiders are piling into. On May 8, CEL-SCI Corp’s (NYSE:CVM) CEO Geert R. Kersten bought 30,000 shares of CEL-SCI Corp (NYSE:CVM) at $1.39 per share. The total value of this stake is $1.2 million. Since this transaction the stock is up 8%.
1. Comstock Inc (NYSE:LODE)
YTD Stock Price Decline: 54.63%
Decarbonization services company Comstock Inc (NYSE:LODE) ranks first in our list of the worst-performing stocks seeing insider buying activity in 2024. The stock has lost about 49% in value this year through May 10. On May 7th, 2024, Comstock Inc (NYSE:LODE) CEO Bobbili Rahul bought 25,000 shares of Comstock Inc (NYSE:LODE) at $0.25 per share. Since then through May 9 market close the stock has gained about 12% in value.
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