Issued 2026-09-16 at $10.55 · now $10.55 (2026-09-16, +0.0% since)
Based on its own history, a month from the 2026-09-16 close, FENC has typically landed between $8.65 and $13.22 — a range of −18.0% to +25.3% from the issuance price $10.55.
- Actual close
- Typical path (median)
- Middle 50% of outcomes
- 90% range
2,241 overlapping 1 month windows · 2017-09-15 – 2026-08-17 · basis climatology · forecast (batch). Probability up 53.9% (90% CI 51.7–56.1%, ≈1,408 obs).
The cone is anchored at the 2026-09-16 issuance close ($10.55) — the price the forecast resolves against on 2026-10-15, not the latest close. The drawn path shape is illustrative (bands widen with √t); every labeled number is real — the anchor, the scored batch p90/IQR endpoints, and the typical move.
Where FENC has typically landed a month from the 2026-09-16 close of $10.55 — the range is history, not a prediction.
- now $10.55 (+0.0%)
- typicalThe typical outcome — half of similar past periods did better and half did worse (not an average, so a few wild periods don't skew it). $10.64 (+0.9%)
- middle 50%The central range of outcomes — half of similar past periods landed inside it, a quarter finished above, a quarter below. $9.72–$11.56
- 90% rangeA nine-in-ten range — in about nine of every ten similar past periods the outcome stayed within these bounds. $8.65–$13.22
| Start | Return | Max drop | Max rise |
|---|---|---|---|
| 3 worst | |||
| 2021-11-01 | −59.0% | −59.0% | +5.5% |
| 2021-11-16 | −58.6% | −59.9% | +3.1% |
| 2021-11-17 | −58.2% | −60.1% | +2.7% |
| 3 best | |||
| 2026-04-29 | +58.6% | +0.0% | +59.3% |
| 2025-04-21 | +56.8% | +0.0% | +56.8% |
| 2018-03-08 | +55.9% | +0.0% | +55.9% |
2,241 overlapping windows · 2017-09-15 – 2026-09-16 · not cherry-picked
Seasonality · by month iHow this security has tended to do in each calendar month historically — a frequency, never a prediction.
iFor each calendar month, the share of years this security closed higher than the month before, and the average month-over-month return, over ~9 years of its own price history. Cells are shaded by average return. This is historical frequency, not a prediction — no month is a signal.Up-frequency and average month-over-month return · historical frequency, not a prediction
Reported insider & political trades
Every Form 4 the people closest to this company have filed with the SEC — plotted against the share price, aggregated by month, and shown with the gap between when each trade happened and when it was disclosed. A public record, not advice.
| Date | Person | Role | Action | Shares @ price | Value | Ownership Δ | vs S&P 1m | vs S&P 6m | Owned after | Filing |
|---|---|---|---|---|---|---|---|---|---|---|
| 2026-09-15 | Brughera Marco Maria | director | Sale | 15,545 @ $10.29 | $160K | −100.0% of holding | not yet — horizon still open | not yet — horizon still open | 0 | Form 4 · filed 1 day after the trade |
| 2026-09-01 | Raykov Rosty | director | Sale | 10,000 @ $12.11 | $121K | −7.4% of holding | not yet — horizon still open | not yet — horizon still open | 124,411 | Form 4 · filed same day |
| 2026-08-31 | Sayad Pierre Sargis | officer | Sale | 12,000 @ $12.18 | $146K | −55.8% of holding | not yet — horizon still open | not yet — horizon still open | 9,519 | Form 4 · filed same day |
| 2026-08-27 | Andrade Robert | officer | Sale | 75,000 @ $11.78 | $884K | −25.6% of holding | not yet — horizon still open | not yet — horizon still open | 217,675 | Form 4 · filed 1 day after the trade |
| 2026-08-03 | Raykov Rosty | director | Sale | 10,000 @ $9.58 | $96K | −7.1% of holding | +24.9% | not yet — horizon still open | 131,633 | Form 4 · filed 1 day after the trade |
| 2026-07-01 | Raykov Rosty | director | Sale | 9,599 @ $10.41 | $100K | −6.5% of holding | −7.6% | not yet — horizon still open | 138,855 | Form 4 · filed 1 day after the trade |
| 2026-06-01 | Raykov Rosty | director | Sale | 9,747 @ $9.62 | $94K | −7.0% of holding | +6.1% | not yet — horizon still open | 130,079 | Form 4 · filed 1 day after the trade |
| 2026-05-11 | RALLIS CHRIS A | director | Sale | 8,346 @ $7.04 | $59K | −11.7% of holding | +24.4% | not yet — horizon still open | 63,077 | Form 4 · filed 1 day after the trade |
| 2026-05-01 | Raykov Rosty | director | Sale | 10,781 @ $6.47 | $70K | −8.2% of holding | +47.2% | not yet — horizon still open | 121,451 | Form 4 · filed same day |
| 2026-04-01 | Raykov Rosty | director | Sale | 10,946 @ $6.31 | $69K | −8.8% of holding | −8.0% | not yet — horizon still open | 113,856 | Form 4 · filed 1 day after the trade |
| 2026-03-02 | Raykov Rosty | director | Sale | 10,079 @ $8.36 | $84K | −8.8% of holding | −20.2% | +37.9% | 103,996 | Form 4 · filed 1 day after the trade |
| 2026-02-02 | Raykov Rosty | director | Sale | 10,349 @ $7.76 | $80K | −9.5% of holding | +6.2% | +17.6% | 98,477 | Form 4 · filed same day |
| 2026-01-02 | Raykov Rosty | director | Sale | 10,312 @ $7.60 | $78K | −10.5% of holding | +2.1% | +26.7% | 88,020 | Form 4 · filed 3 days after the trade |
| 2025-12-24 | Southpoint Capital Advisors LP | tenPercentOwner | Sale | 1,000,000 @ $7.50 | $7.5M | −26.7% of holding | +1.6% | +35.9% | 2,744,741 | Form 4 · filed 5 days after the trade |
| 2025-12-05 | Raykov Rosty | director | Sale | 10,000 @ $7.54 | $75K | −11.4% of holding | −0.2% | +8.1% | 77,526 | Form 4 · filed same day |
| 2025-11-18 | Southpoint Capital Advisors LP | tenPercentOwner | Sale | 19,341 @ $8.79 | $170K | −0.5% of holding | −15.9% | +0.8% | 3,744,741 | Form 4 · filed 2 days after the trade |
| 2025-11-17 | Southpoint Capital Advisors LP | tenPercentOwner | Sale | 85,918 @ $8.79 | $755K | −2.2% of holding | −14.7% | −0.6% | 3,764,082 | Form 4 · filed same day |
| 2025-11-14 | Southpoint Capital Advisors LP | tenPercentOwner | Sale | 160,100 @ $8.00 | $1.3M | −4.0% of holding | −4.1% | +14.4% | 3,850,000 | Form 4 · filed 3 days after the trade |
| 2025-11-05 | Raykov Rosty | director | Sale | 10,000 @ $8.10 | $81K | −10.8% of holding | −9.7% | −25.5% | 82,318 | Form 4 · filed 1 day after the trade |
| 2025-10-10 | RALLIS CHRIS A | director | Sale | 1,775 @ $9.24 | $16K | −3.0% of holding | −14.7% | −34.0% | 57,079 | Form 4 · filed 4 days after the trade |
| 2025-10-09 | Southpoint Capital Advisors LP | tenPercentOwner | Sale | 20,609 @ $9.35 | $193K | −0.5% of holding | −14.4% | −39.2% | 4,010,100 | Form 4 · filed same day |
| 2025-10-08 | Southpoint Capital Advisors LP | tenPercentOwner | Sale | 19,605 @ $9.47 | $186K | −0.5% of holding | −12.8% | −38.5% | 4,030,709 | Form 4 · filed 1 day after the trade |
| 2025-10-07 | Southpoint Capital Advisors LP | tenPercentOwner | Sale | 26,900 @ $9.59 | $258K | −0.7% of holding | −14.2% | −34.7% | 4,050,314 | Form 4 · filed 2 days after the trade |
| 2025-10-06 | Raykov Rosty | director | Sale | 10,000 @ $9.78 | $98K | −10.8% of holding | −18.4% | −34.6% | 82,501 | Form 4 · filed same day |
| 2025-09-04 | Raykov Rosty | director | Sale | 10,000 @ $8.92 | $89K | −16.4% of holding | +4.2% | −20.3% | 51,086 | Form 4 · filed same day |
| 2025-08-05 | Raykov Rosty | director | Sale | 10,000 @ $8.09 | $81K | −15.2% of holding | +9.0% | −12.7% | 55,878 | Form 4 · filed same day |
| 2025-07-07 | RALLIS CHRIS A | director | Sale | 1,119 @ $8.71 | $10K | −2.0% of holding | −4.7% | −22.9% | 54,792 | Form 4 · filed same day |
| 2025-07-03 | Raykov Rosty | director | Sale | 10,000 @ $8.61 | $86K | −14.2% of holding | −6.4% | −22.6% | 60,670 | Form 4 · filed 4 days after the trade |
| 2025-06-05 | Raykov Rosty | director | Sale | 10,000 @ $7.78 | $78K | −13.3% of holding | +5.2% | −17.6% | 65,462 | Form 4 · filed 1 day after the trade |
| 2025-05-19 | Hackman Jeffrey S. | director | Purchase | 13,965 @ $6.99 | $98K | +1349.3% of holding | +2.3% | +1.8% | 15,000 | Form 4 · filed same day |
| 2025-05-16 | Raykov Rosty | director | Sale | 16,667 @ $6.78 | $113K | −19.2% of holding | +12.3% | +1.2% | 70,254 | Form 4 · filed 3 days after the trade |
| 2025-05-16 | Hackman Jeffrey S. | director | Purchase | 1,035 @ $6.75 | $7K | ownership Δ n/a | +12.3% | +1.2% | 1,035 | Form 4 · filed 3 days after the trade |
| 2025-05-05 | Raykov Rosty | director | Sale | 10,000 @ $6.31 | $63K | −15.7% of holding | +16.5% | +7.5% | 53,587 | Form 4 · filed same day |
| 2025-04-11 | RALLIS CHRIS A | director | Sale | 1,409 @ $4.95 | $7K | −2.6% of holding | +19.4% | +43.6% | 53,784 | Form 4 · filed same day |
| 2025-04-04 | Raykov Rosty | director | Sale | 10,000 @ $5.25 | $53K | −14.1% of holding | +3.9% | +51.8% | 61,156 | Form 4 · filed same day |
| 2025-03-05 | Raykov Rosty | director | Sale | 10,000 @ $6.79 | $68K | −12.7% of holding | −9.5% | +24.0% | 68,725 | Form 4 · filed 1 day after the trade |
| 2025-02-14 | RALLIS CHRIS A | director | Sale | 1,186 @ $6.82 | $8K | −2.2% of holding | +6.3% | +16.6% | 53,020 | Form 4 · filed same day |
| 2025-02-05 | Raykov Rosty | director | Sale | 10,000 @ $6.66 | $67K | −11.6% of holding | +6.0% | +13.6% | 76,294 | Form 4 · filed same day |
| 2025-01-06 | Raykov Rosty | director | Sale | 7,569 @ $6.08 | $46K | −8.3% of holding | +7.7% | +42.9% | 83,863 | Form 4 · filed 1 day after the trade |
| 2025-01-06 | Raykov Rosty | director | Sale | 2,431 @ $6.08 | $15K | −2.6% of holding | +7.7% | +42.9% | 91,432 | Form 4 · filed 1 day after the trade |
| 2024-12-05 | Raykov Rosty | director | Sale | 796 @ $6.04 | $5K | −1.2% of holding | +9.3% | +45.2% | 66,432 | Form 4 · filed same day |
The vs-S&P columns are a labeled look-back on what the stock did after each filing, measured against the index over the same window. Descriptive history, not a claim about the person or a reason to trade.
146 award / exercise / gift records — not counted as purchases
Awards, option exercises, gifts and tax-withholding disposals are shown separately and never counted as open-market purchases or sales — they carry no conviction information.
| Date | Person | Role | Action | Shares | Owned after | Filing |
|---|---|---|---|---|---|---|
| 2026-09-15 | Brughera Marco Maria | director | Option exercise | 15,545 | 15,545 | Form 4 |
| 2026-09-15 | Brughera Marco Maria | director | Option exercise | 15,545 | 220,000 | Form 4 |
| 2026-08-31 | Raykov Rosty | director | Award / grant | 2,778 | 134,411 | Form 4 |
| 2026-08-31 | Hackman Jeffrey S. | director | Award / grant | 1,159 | 66,302 | Form 4 |
| 2026-08-31 | Evans Terry L | officer | Award / grant | 168 | 21,519 | Form 4 |
| 2026-08-31 | Sayad Pierre Sargis | officer | Award / grant | 168 | 21,519 | Form 4 |
| 2026-08-31 | Cioffi Christiana Marie | officer | Award / grant | 156 | 24,644 | Form 4 |
| 2026-08-31 | Andrade Robert | officer | Award / grant | 1,703 | 241,306 | Form 4 |
| 2026-08-28 | Andrade Robert | officer | Option exercise | 21,928 | 239,603 | Form 4 |
| 2026-08-28 | Andrade Robert | officer | Option exercise | 21,928 | 779,330 | Form 4 |
| 2026-07-31 | Cioffi Christiana Marie | officer | Award / grant | 156 | 24,488 | Form 4 |
| 2026-07-31 | Andrade Robert | officer | Award / grant | 1,703 | 292,675 | Form 4 |
| 2026-07-31 | Sayad Pierre Sargis | officer | Award / grant | 168 | 21,351 | Form 4 |
| 2026-07-31 | Hackman Jeffrey S. | director | Award / grant | 1,159 | 65,143 | Form 4 |
| 2026-07-31 | Raykov Rosty | director | Award / grant | 2,778 | 141,633 | Form 4 |
| 2026-07-31 | Evans Terry L | officer | Award / grant | 168 | 21,351 | Form 4 |
| 2026-07-01 | Raykov Rosty | director | Option exercise | 15,597 | 148,454 | Form 4 |
| 2026-07-01 | Raykov Rosty | director | Option exercise | 15,597 | 1,525,000 | Form 4 |
| 2026-07-01 | Raykov Rosty | director | Award / grant | 2,778 | 132,857 | Form 4 |
| 2026-06-30 | Hackman Jeffrey S. | director | Award / grant | 1,159 | 63,984 | Form 4 |
| 2026-06-30 | Andrade Robert | officer | Award / grant | 1,703 | 290,972 | Form 4 |
| 2026-06-30 | Cioffi Christiana Marie | officer | Award / grant | 156 | 24,332 | Form 4 |
| 2026-06-30 | Evans Terry L | officer | Award / grant | 168 | 21,183 | Form 4 |
| 2026-06-30 | Sayad Pierre Sargis | officer | Award / grant | 168 | 21,183 | Form 4 |
| 2026-06-10 | Islam Khalid | director | Award / grant | 25,000 | 250,000 | Form 4 |
| 2026-06-10 | RALLIS CHRIS A | director | Award / grant | 20,000 | 200,000 | Form 4 |
| 2026-06-10 | Brughera Marco Maria | director | Award / grant | 20,000 | 235,545 | Form 4 |
| 2026-06-10 | Cook Jodi A | director | Award / grant | 20,000 | 160,000 | Form 4 |
| 2026-06-01 | Raykov Rosty | director | Option exercise | 15,597 | 1,556,195 | Form 4 |
| 2026-06-01 | Raykov Rosty | director | Option exercise | 15,597 | 139,826 | Form 4 |
| 2026-05-31 | Cioffi Christiana Marie | officer | Award / grant | 156 | 24,176 | Form 4 |
| 2026-05-31 | Sayad Pierre Sargis | officer | Award / grant | 168 | 21,015 | Form 4 |
| 2026-05-31 | Hackman Jeffrey S. | director | Award / grant | 1,159 | 62,825 | Form 4 |
| 2026-05-31 | Raykov Rosty | director | Award / grant | 2,778 | 124,229 | Form 4 |
| 2026-05-31 | Andrade Robert | officer | Award / grant | 1,703 | 289,269 | Form 4 |
| 2026-05-31 | Evans Terry L | officer | Award / grant | 168 | 21,015 | Form 4 |
| 2026-05-11 | RALLIS CHRIS A | director | Option exercise | 14,344 | 186,189 | Form 4 |
| 2026-05-11 | RALLIS CHRIS A | director | Option exercise | 14,344 | 71,423 | Form 4 |
| 2026-05-01 | Raykov Rosty | director | Option exercise | 15,598 | 1,571,792 | Form 4 |
| 2026-05-01 | Raykov Rosty | director | Option exercise | 15,598 | 132,232 | Form 4 |
Source: SEC Form 4 filings. Each row links to its original filing.
Across 2012–2021, stocks where a CEO, C-suite officer, or director had recently made an open-market common-stock purchase ran about +28 bp per month above the universe average (n=34,268 stock-weeks). A historical tendency, not a prediction.
Congressional disclosures
No congressional trades disclosed for this company.
Research tool, not investment advice — historical frequencies, not recommendations. A product of Marovel Technologies LLC. Full terms.