Lumber Liquidators' (LL) stock has been quite volatile lately after founder and former CEO Tom Sullivan increased his stake in the company from 1.3% to 7.7%, discussed potentially making a bid for the company, and then sold most of the stake he acquired recently.
The sale of the recently acquired shares apparently removes the potential for a near-term buyout and leaves improved operational performance and/or the end of tariffs as potential catalysts. Lumber Liquidators should be worth significantly more than its current price if tariffs end, but it is still uncertain about when