Cano Health, Inc. Sells 23,600 Shares of MSP Recovery, Inc. (NASDAQ:LIFW) Stock

Posted by Amelie Mason on Mar 28th, 2024

MSP Recovery, Inc. (NASDAQ:LIFW – Get Free Report) major shareholder Cano Health, Inc. sold 23,600 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $0.74, for a total value of $17,464.00. Following the completion of the sale, the insider now directly owns 2,114,244 shares of the company’s stock, valued at approximately $1,564,540.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Cano Health, Inc. also recently made the following trade(s):

On Friday, March 22nd, Cano Health, Inc. sold 52,502 shares of MSP Recovery stock. The stock was sold at an average price of $0.75, for a total transaction of $39,376.50.
On Wednesday, March 20th, Cano Health, Inc. sold 46,246 shares of MSP Recovery stock. The shares were sold at an average price of $0.76, for a total value of $35,146.96.
On Monday, March 18th, Cano Health, Inc. sold 41,937 shares of MSP Recovery stock. The stock was sold at an average price of $0.79, for a total value of $33,130.23.
On Friday, March 15th, Cano Health, Inc. sold 44,305 shares of MSP Recovery stock. The shares were sold at an average price of $0.78, for a total transaction of $34,557.90.
On Wednesday, March 13th, Cano Health, Inc. sold 41,584 shares of MSP Recovery stock. The stock was sold at an average price of $0.84, for a total transaction of $34,930.56.
On Monday, March 11th, Cano Health, Inc. sold 36,964 shares of MSP Recovery stock. The shares were sold at an average price of $0.94, for a total transaction of $34,746.16.
On Friday, March 8th, Cano Health, Inc. sold 22,694 shares of MSP Recovery stock. The stock was sold at an average price of $0.96, for a total value of $21,786.24.
On Wednesday, March 6th, Cano Health, Inc. sold 133,518 shares of MSP Recovery stock. The stock was sold at an average price of $1.02, for a total value of $136,188.36.
On Monday, March 4th, Cano Health, Inc. sold 774,400 shares of MSP Recovery stock. The shares were sold at an average price of $1.23, for a total value of $952,512.00.
On Friday, March 1st, Cano Health, Inc. sold 532,691 shares of MSP Recovery stock. The stock was sold at an average price of $1.04, for a total value of $553,998.64.

MSP Recovery Price Performance

Shares of NASDAQ LIFW opened at $0.70 on Thursday. The business has a fifty day moving average price of $0.86 and a two-hundred day moving average price of $1.25. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.39. MSP Recovery, Inc. has a fifty-two week low of $0.68 and a fifty-two week high of $25.75.

Institutional Investors Weigh In On MSP Recovery

A number of large investors have recently bought and sold shares of the company. Palantir Technologies Inc. increased its stake in shares of MSP Recovery by 317.5% in the 3rd quarter. Palantir Technologies Inc. now owns 9,038,838 shares of the company’s stock valued at $1,989,000 after purchasing an additional 6,873,651 shares during the last quarter. BlackRock Inc. bought a new position in MSP Recovery in the third quarter valued at about $112,000. Geode Capital Management LLC acquired a new position in MSP Recovery during the second quarter worth about $78,000. PNC Financial Services Group Inc. bought a new position in shares of MSP Recovery in the second quarter worth about $76,000. Finally, California State Teachers Retirement System acquired a new stake in shares of MSP Recovery in the 3rd quarter valued at approximately $67,000. 3.77% of the stock is currently owned by institutional investors and hedge funds.

MSP Recovery Company Profile

(Get Free Report)

MSP Recovery, Inc, doing business as LifeWallet, operates as a healthcare recoveries and data analytics company in the United States and Puerto Rico. The company offers claims recovery services, including services to related parties or third parties to assist entities with pursuit of claims recovery rights.