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Ross Jack, the CEO and Chairman of Synergy CHC Corp. (OTC:SNYR), has recently made a series of purchases of the company’s common stock. According to a Form 4 filing with the Securities and Exchange Commission, Jack acquired a total of $25,459 worth of shares over multiple transactions. The insider buying comes as the stock has delivered an impressive return of over 3,000% in the past year, though it currently trades at $3.84, significantly below its 52-week high of $10.
The purchases occurred between November 25, 2024, and January 22, 2025, with prices ranging from $4.06 to $6.18 per share. Following these transactions, Jack’s direct ownership in the company increased to 331,677 shares.
These transactions reflect Jack’s ongoing investment in Synergy CHC, a company specializing in medicinal chemicals and botanical products. The company maintains impressive gross profit margins of 74% and trades at an attractive P/E ratio of 9.6x. According to InvestingPro, which offers 13 additional investment insights for this stock, the company maintains a "GOOD" overall financial health score.
In other recent news, Synergy CHC Corp has announced a significant change in its executive team with the appointment of a new interim Chief Financial Officer. Stacy Bieber, the former CFO, resigned from her position, effective December 6, 2024. Following her departure, Jaime Fickett has been appointed as the interim CFO. Ms. Fickett has been with Synergy CHC since January 2015, serving as the Senior Vice President of Finance and Operations. Her extensive background includes serving as CFO of Factor Nutrition Labs, LLC, and experience in public accounting. The transition is confirmed by a filing with the Securities and Exchange Commission. Synergy CHC Corp emphasizes its commitment to a smooth transition in financial leadership under Ms. Fickett’s guidance. These developments come as the company continues its strategic initiatives in the health and wellness industry.
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