Loop Industries, Inc. (NASDAQ:LOOP – Get Free Report) Director Jeffrey Richart Geygan acquired 22,100 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was purchased at an average price of $0.64 per share, for a total transaction of $14,144.00. Following the purchase, the director owned 3,354,004 shares of the company’s stock, valued at $2,146,562.56. The trade was a 0.66% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Jeffrey Richart Geygan also recently made the following trade(s):
- On Wednesday, August 19th, Jeffrey Richart Geygan bought 1,090 shares of Loop Industries stock. The stock was purchased at an average cost of $0.64 per share, with a total value of $697.60.
- On Friday, July 31st, Jeffrey Richart Geygan bought 30,800 shares of Loop Industries stock. The stock was purchased at an average cost of $0.73 per share, with a total value of $22,484.00.
- On Thursday, July 30th, Jeffrey Richart Geygan bought 62,895 shares of Loop Industries stock. The stock was purchased at an average price of $0.75 per share, for a total transaction of $47,171.25.
- On Wednesday, July 29th, Jeffrey Richart Geygan purchased 6,610 shares of Loop Industries stock. The shares were purchased at an average cost of $0.73 per share, for a total transaction of $4,825.30.
Loop Industries Stock Performance
LOOP stock opened at $0.65 on Friday. The company has a market capitalization of $31.21 million, a price-to-earnings ratio of -2.48 and a beta of 1.48. Loop Industries, Inc. has a fifty-two week low of $0.62 and a fifty-two week high of $2.11. The stock has a fifty day moving average of $0.78 and a 200-day moving average of $1.14.
Wall Street Analyst Weigh In
Separately, Zacks Research cut shares of Loop Industries from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.
Get Our Latest Analysis on Loop Industries
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd bought a new stake in shares of Loop Industries during the fourth quarter valued at about $32,000. 4WEALTH Advisors Inc. bought a new position in shares of Loop Industries in the first quarter valued at approximately $38,000. Jane Street Group LLC bought a new position in shares of Loop Industries in the second quarter valued at approximately $39,000. Susquehanna International Group LLP purchased a new position in Loop Industries during the third quarter valued at approximately $49,000. Finally, CacheTech Inc. grew its stake in Loop Industries by 38.8% during the first quarter. CacheTech Inc. now owns 36,870 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 10,310 shares in the last quarter. Institutional investors own 4.89% of the company’s stock.
About Loop Industries
Loop Industries (NASDAQ:LOOP) is a technology innovator in the sustainable plastics sector. The company has developed a proprietary depolymerization process that breaks down end-of-life polyethylene terephthalate (PET) plastic and polyester fiber into their base molecules. These purified monomers are then repolymerized into virgin-quality PET resin suitable for new packaging applications, creating a closed-loop recycling solution that addresses global plastic waste challenges.
With its headquarters in Terrebonne, Quebec, Loop Industries operates pilot and demonstration facilities to validate and refine its technology.
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