Insider Buying: LightInTheBox (NYSE:LITB) CEO Buys $1,106,183.78 in Stock

LightInTheBox Holding Co., Ltd. (NYSE:LITB) CEO Jian He acquired 4,254,553 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was purchased 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 in the company, valued at approximately $1,106,183.78. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

LightInTheBox Trading Down 1.9%

LightInTheBox stock traded down $0.06 during mid-day trading on Tuesday, hitting $3.06. The stock had a trading volume of 2,525 shares, compared to its average volume of 10,099. The stock has a 50-day simple moving average of $3.22 and a two-hundred day simple moving average of $2.76. The stock has a market capitalization of $54.90 million, a PE ratio of 6.12 and a beta of 0.03. LightInTheBox Holding Co., Ltd. has a 12 month low of $1.15 and a 12 month high of $4.17.

Hedge Funds Weigh In On LightInTheBox

An institutional investor recently bought a new position in LightInTheBox stock. SmartHarvest Portfolios LLC acquired a new stake in LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 19,497 shares of the technology company’s stock, valued at approximately $44,000. SmartHarvest Portfolios LLC owned about 0.11% of LightInTheBox as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 56.77% of the company’s stock.

LightInTheBox Company Profile

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.