LIFW trade ideas
Insider Buying May Lead To Potental Future ProspectCEO and 10% Owner John Ruiz Buys 467,290 Shares of MSP Recovery Inc (LIFW)
John Ruiz, CEO and 10% owner of MSP Recovery Inc (NASDAQ:LIFW), purchased 467,290 shares of the company. This move is significant as insider buying can often be an indicator of a company's future performance.
Who is John Ruiz?
John Ruiz is the CEO and a 10% owner of MSP Recovery Inc. He has a long history in the healthcare industry and has been instrumental in the growth and success of MSP Recovery. His leadership and strategic vision have been key factors in the company's success.
About MSP Recovery Inc
MSP Recovery Inc is a leading provider of healthcare recovery services. The company specializes in the identification, recovery, and management of healthcare claims. MSP Recovery's innovative approach and proprietary technology have made it a leader in its field.
Insider Buying
Insider buying refers to when a company's executives, directors, or other insiders purchase shares of their own company's stock. This is often seen as a positive sign, as it indicates that the insiders believe in the company's future and are willing to invest their own money in it.
Over the past year, the insider has purchased a total of 499,245 shares and sold 0 shares. This recent purchase of 467,290 shares is a significant addition to the insider's holdings.
The insider transaction history for MSP Recovery Inc shows a total of 4 insider buys over the past year, with no insider sells. This trend suggests a positive outlook from the company's insiders.
Valuation
On the day of the insider's recent buy, shares of MSP Recovery Inc were trading for $1.07 each. This gives the stock a market cap of $19.43 million. While this is a relatively small market cap, the insider's significant purchase could indicate a belief in the company's potential for growth.
Because of the insider's Action, LIFW Stock surged to about 36% indicating bullish trend with the Trendline moderately reaching its previous peak.
In conclusion, the insider's recent purchase of 467,290 shares of MSP Recovery Inc is a significant move. With a history of insider buying and no insider sells over the past year, this could be a positive sign for the company's future performance.
LIFW is a stock to watch this weekInteresting setup here, as we have support, setup in an area that can easily lead to a big gain. The Weekly RSI just crossed up. The daily RSI is overvalued, but still pumping. This suggests that we might see a final push as those last big holders exit, before another huge drop.
That green bullish trend line is likely going to be the buy/sell line. If that holds up on your trading timeline, I'd consider a trade entry. After the break of that trend, you'll likely see a bounce off one of the green lines, with a return to the bottom side of the trend.
IT is at that point, upon conformation of price action, that we will favor the bearish position until a new bullish trend is picked up. Until a break of the green trend line, favor bullish positions. NASDAQ:LIFW
Personally, I could see the stock breaking downward in the short term, and bouncing somewhere around that .17 area, and which would setup a nice bounce back to the bottom side trend. I'm not totally sure about this yet, as I can't quite see the move developing yet. Be prepared to trade in 2 directions as it could move either way.
Big potential on the upside to double, and bigger potential due to recent volume. However, there is definitely going to be a big drop from that bearish trend line, it's quite strong. I'd exit immediately and reset positions upon hitting that line. You might miss a small percentage, but it's a solid exit point to limit emotion trading and securing profits.
