Michael Feinsod, CEO of Bespoke Extracts, Inc. (OTC:BSPK), recently acquired additional shares in the company. According to a recent SEC filing, Feinsod purchased a total of 4,000 shares over two transactions. On November 12, he bought 2,500 shares at $0.16 each, and on November 14, he acquired another 1,500 shares at $0.19 each, bringing the total purchase amount to $685. Following these transactions, Feinsod holds a total of 2,466,612 shares, with a portion held directly and the remainder through Infinity Management, LLC, where he is the managing member.
InvestingPro Insights
Michael Feinsod's recent share acquisitions in Bespoke Extracts, Inc. (OTC:BSPK) align with several notable trends highlighted by InvestingPro data. The company has experienced significant growth, with revenue increasing by an impressive 277.54% over the last twelve months as of Q2 2024. This substantial growth may have influenced Feinsod's decision to increase his stake in the company.
Despite the strong revenue growth, InvestingPro Tips indicate that BSPK is not profitable over the last twelve months and that short-term obligations exceed liquid assets. These factors suggest that while the company is expanding rapidly, it may face financial challenges in the near term.
The stock's recent performance has been particularly noteworthy. InvestingPro data shows a striking 170.27% price total return over the past three months, and a year-to-date return of 463.38%. This aligns with the InvestingPro Tip highlighting BSPK's strong return over the last three months and significant return over the last week.
Investors considering BSPK should note that the stock generally trades with high price volatility, as pointed out by another InvestingPro Tip. This volatility, combined with the recent price surge, may present both opportunities and risks for potential investors.
For those seeking a more comprehensive analysis, InvestingPro offers 7 additional tips for BSPK, providing a deeper understanding of the company's financial health and market position.
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