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

Posted by Jessica Moore on Mar 28th, 2024

MSP Recovery, Inc. (NASDAQ:LIFW – Get Free Report) major shareholder Cano Health, Inc. sold 23,600 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $0.74, for a total transaction of $17,464.00. Following 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions 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 shares were sold at an average price of $0.75, for a total value 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 transaction 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 stock was sold at an average price of $0.78, for a total value 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 value 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 shares were sold at an average price of $0.96, for a total transaction 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 stock was sold at an average price of $1.23, for a total transaction of $952,512.00.
On Friday, March 1st, Cano Health, Inc. sold 532,691 shares of MSP Recovery stock. The shares were sold at an average price of $1.04, for a total transaction of $553,998.64.

MSP Recovery Stock Down 3.8 %

Shares of NASDAQ LIFW opened at $0.70 on Thursday. The stock has a fifty day simple moving average of $0.86 and a 200-day simple moving average of $1.25. MSP Recovery, Inc. has a twelve month low of $0.68 and a twelve month high of $25.75. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.39.

Institutional Investors Weigh In On MSP Recovery

Large investors have recently added to or reduced their stakes in the business. Palantir Technologies Inc. grew its stake in shares of MSP Recovery by 317.5% in the third quarter. Palantir Technologies Inc. now owns 9,038,838 shares of the company’s stock worth $1,989,000 after acquiring an additional 6,873,651 shares in the last quarter. BlackRock Inc. acquired a new position in MSP Recovery during the 3rd quarter worth $112,000. Geode Capital Management LLC acquired a new position in MSP Recovery during the 2nd quarter worth $78,000. PNC Financial Services Group Inc. purchased a new stake in MSP Recovery during the 2nd quarter worth about $76,000. Finally, California State Teachers Retirement System acquired a new stake in MSP Recovery in the 3rd quarter valued at about $67,000. 3.77% of the stock is owned by hedge funds and other institutional investors.

About MSP Recovery

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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.