LightInTheBox Holding Co., Ltd. (NYSE:LITB – Get Free Report) CEO Jian He purchased 4,254,553 shares of the stock in a transaction on Monday, August 10th. The stock was bought at an average price of $0.26 per share, for a total transaction of $1,106,183.78. Following the completion of the transaction, the chief executive officer directly owned 4,254,553 shares of the company’s stock, valued at approximately $1,106,183.78. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
LightInTheBox Price Performance
Shares of LITB traded down $0.06 during trading hours on Tuesday, hitting $3.06. The stock had a trading volume of 2,525 shares, compared to its average volume of 10,099. The company’s fifty day moving average is $3.22 and its two-hundred day moving average is $2.76. LightInTheBox Holding Co., Ltd. has a 52 week low of $1.15 and a 52 week high of $4.17. The stock has a market capitalization of $54.90 million, a price-to-earnings ratio of 6.12 and a beta of 0.03.
Institutional Investors Weigh In On LightInTheBox
An institutional investor recently bought a new stake in LightInTheBox stock. SmartHarvest Portfolios LLC bought a new position in LightInTheBox Holding Co., Ltd. (NYSE:LITB – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 19,497 shares of the technology company’s stock, valued at approximately $44,000. SmartHarvest Portfolios LLC owned about 0.11% of LightInTheBox at the end of the most recent quarter. 56.77% of the stock is owned by institutional investors and hedge funds.
About LightInTheBox
LightInTheBox Co, Ltd. is a China-based global online retailer specializing in direct-to-consumer e-commerce. Headquartered in Beijing, the company operates two primary platforms—LightInTheBox and MiniInTheBox—that cater to customers around the world. Through these websites and mobile applications, it offers a broad range of merchandise, from fashion apparel and accessories to home and garden products, electronics, and wedding essentials.
Since its founding in 2007, LightInTheBox has focused on providing affordable, trend-driven items sourced from a network of suppliers in Asia.
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