LDI - loanDepot stock gains; CEO buys shares worth ~$620K

loanDepot (NYSE:LDI) stock gained over 6% on Thursday after the firm disclosed that CEO and president Frank Martell bought ~253.3K shares at $2.23-$2.55 worth ~$620K. The purchased shares are indirectly owned by the Frank D. and Donna M. Martell Family Trust, of which Martell is a trustee. Take a look at LDI's ownership structure: Over 1.2M LDI shares changed hands as of 1.52 pm ET, double its average trading volume of 796.1K shares. LDI stock declined 47.1% YTD and 80.5% in the last 1 year. According to SA Quant rating system, LDI is at high risk of performing badly.

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loanDepot stock gains; CEO buys shares worth ~$620K