From MarketBeat:

MSP Recovery, Inc. experienced a 4% drop in share price following a sell-off by the CEO, John Hasan Ruiz. Ruiz bought 467,290 shares of the stock, increasing his holdings to 474,190 shares. Major shareholder Cano Health, Inc. also sold 40,000 shares on January 3rd. Insiders have sold 1,307,299 shares worth $1,886,012 in the last 90 days.

MSP Recovery revealed its low net margins and negative return on equity in the last quarterly earnings report. The company reported a negative EPS of $1.06, far below analyst estimates of $68.00. Revenue for the quarter was $0.44 million.

Hedge funds and institutional investors have recently purchased positions in MSP Recovery. Cantor Fitzgerald L. P. bought a stake worth $319,000.

MSP Recovery, Inc., operating as LifeWallet, provides healthcare recoveries and data analytics services in the US and Puerto Rico, including claims recovery and assistance to pursue claims recovery rights.

MarketBeat’s top-rated analysts don’t consider MSP Recovery a priority buy, offering instead a list of five alternative stocks with more potential. You can view it by clicking the link.



Read more: MSP Recovery (NASDAQ:LIFW) Stock Price Down 4% on Insider Selling