MSP Recovery, Inc. (NASDAQ:LIFW – Get Free Report) shot up 1.2% on Wednesday . The stock traded as high as $0.96 and last traded at $0.94. 637,859 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 4,936,157 shares. The stock had previously closed at $0.93.
MSP Recovery Stock Up 1.2 %
The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.39. The firm has a 50 day moving average of $0.95 and a two-hundred day moving average of $1.01.
Insiders Place Their Bets
In other MSP Recovery news, major shareholder Cano Health, Inc. sold 52,502 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $0.75, for a total transaction of $39,376.50. Following the completion of the transaction, the insider now owns 2,137,844 shares of the company’s stock, valued at $1,603,383. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO John Hasan Ruiz purchased 438,596 shares of the company’s stock in a transaction on Monday, March 4th. The stock was bought at an average price of $1.14 per share, with a total value of $499,999.44. Following the completion of the transaction, the chief executive officer now owns 912,786 shares of the company’s stock, valued at approximately $1,040,576.04. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Cano Health, Inc. sold 52,502 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $0.75, for a total value of $39,376.50. Following the transaction, 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. Over the last 90 days, insiders sold 3,849,176 shares of company stock valued at $4,363,910. Corporate insiders own 19.40% of the company’s stock.
Institutional Investors Weigh In On MSP Recovery
About MSP Recovery
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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