MSP Recovery, Inc. (NASDAQ:LIFW – Get Free Report) traded down 3.8% during mid-day trading on Wednesday after an insider sold shares in the company. The company traded as low as $0.68 and last traded at $0.70. 281,889 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 1,293,340 shares. The stock had previously closed at $0.73.
Specifically, major shareholder Cano Health, Inc. sold 52,502 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $0.75, for a total value of $39,376.50. Following the completion of the sale, the insider now owns 2,137,844 shares of the company’s stock, valued at approximately $1,603,383. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other MSP Recovery news, CEO John Hasan Ruiz acquired 438,596 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was acquired at an average price of $1.14 per share, with a total value of $499,999.44. Following the transaction, the chief executive officer now directly owns 912,786 shares in the company, valued at $1,040,576.04. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Cano Health, Inc. sold 52,502 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $0.75, for a total transaction of $39,376.50. Following the sale, the insider now directly owns 2,137,844 shares of the company’s stock, valued at approximately $1,603,383. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,005,991 shares of company stock valued at $4,667,955. Insiders own 19.40% of the company’s stock.
MSP Recovery Stock Down 3.8 %
The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.54 and a current ratio of 0.54. The business’s 50-day moving average is $0.86 and its two-hundred day moving average is $1.25.
Institutional Investors Weigh In On MSP Recovery
MSP Recovery Company Profile
MSP Recovery, Inc, doing business as LifeWallet, operates as a healthcare recoveries and data analytics company in the United States and Puerto Rico. The company offers claims recovery services, including services to related parties or third parties to assist entities with pursuit of claims recovery rights.
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