LightInTheBox Holding Co., Ltd. (NYSE:LITB – Get Free Report) CEO Jian He acquired 4,254,553 shares of the company’s stock in a transaction on Monday, August 10th. The stock was acquired at an average price of $0.26 per share, with a total value of $1,106,183.78. Following the acquisition, the chief executive officer owned 4,254,553 shares in the company, valued at approximately $1,106,183.78. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
LightInTheBox Stock Performance
LITB opened at $3.02 on Friday. The stock has a market capitalization of $54.27 million, a PE ratio of 6.05 and a beta of 0.03. The stock’s 50 day moving average price is $3.19 and its 200-day moving average price is $2.77. LightInTheBox Holding Co., Ltd. has a 52-week low of $1.15 and a 52-week high of $4.17.
Hedge Funds Weigh In On LightInTheBox
A hedge fund recently bought a new stake in LightInTheBox stock. SmartHarvest Portfolios LLC acquired a new stake in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB – Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 19,497 shares of the technology company’s stock, valued at approximately $44,000. SmartHarvest Portfolios LLC owned approximately 0.11% of LightInTheBox as of its most recent filing with the SEC. Hedge funds and other institutional investors own 56.77% of the company’s stock.
LightInTheBox Company Profile
LightInTheBox Co, Ltd. is a China-based global online retailer specializing in direct-to-consumer e-commerce. Headquartered in Beijing, the company operates two primary platforms—LightInTheBox and MiniInTheBox—that cater to customers around the world. Through these websites and mobile applications, it offers a broad range of merchandise, from fashion apparel and accessories to home and garden products, electronics, and wedding essentials.
Since its founding in 2007, LightInTheBox has focused on providing affordable, trend-driven items sourced from a network of suppliers in Asia.
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