Bullish indicating open at $55-$60, IPO prices at $37
Joseph Patrick Daly, a director and 10% owner at Butler National Corp (OTC:BUKS), recently made noteworthy purchases of the company's common stock. The timing appears strategic, as InvestingPro data shows the stock has taken a significant 7.7% hit over the past week, while maintaining an impressive 89.6% return over the past year. According to a recent SEC filing, Daly acquired a total of 12,500 shares over two transactions. The purchases took place on April 8 and April 10, 2025, at prices ranging from $1.43 to $1.45 per share, amounting to a total transaction value of $18,075. Following these transactions, Daly's direct ownership in Butler National Corp increased to 4,367,886 shares. Additionally, Daly holds an indirect stake of 4,330,000 shares through EssigPR, Inc. The company currently trades at an attractive P/E ratio of 8.3 and maintains a "GREAT" financial health score according to InvestingPro analysis, which identifies the stock as currently undervalued. Get access to 6 more exclusive ProTips and comprehensive insider trading analysis with InvestingPro.
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