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LDI - loanDepot trades 6% high on CEO acquiring shares
loanDepot Inc. Class A
As per its recent filing, loanDepot (LDI +5.9%) CEO Hsieh Anthony Li purchased 93,513 shares in multiple transactions at price ranging between $3.77 to $3.80 for ~$350K. Post the transactions, CEO owns 3.16M shares. After reporting soft Q4 results and poor Q1 guidance, loanDepot was downgraded at Citi and Raymond James to Neutral and Market Perform. Quick look at the company's ownership structure: