CEO Chae Lee Buys $318K of Magnachip Stock at $3.17-$3.22
MX sits 74% above its 52-week low of $2.18 on elevated volume (4.9× avg).
Summary
CEO Chae Lee bought 100,000 shares for $318,496 at $3.17-$3.22, raising his direct stake to 388,750 shares.
Key Events · Ownership and Investor Activity · MX
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CEO Buys $318K of Stock
Chae Lee purchased 100,000 shares in three open-market transactions on 2026-09-23 and 2026-09-24 at prices ranging from $3.17 to $3.22, totaling $318,496.
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Direct Stake Rises to 388,750 Shares
Following the purchases, Lee's direct holdings increased to 388,750 shares, representing a meaningful personal commitment from the newly appointed CEO.
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Follows Navitas Strategic Investment
The purchase comes five days after Navitas Semiconductor agreed to invest $5 million at $3.42 per share, deepening the strategic partnership announced in July.
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Open-Market Purchase, Not Compensation
The transactions are coded as open-market purchases (Code P), indicating real cash outlay rather than option exercises or equity grants.
Analysis · MX · Manufacturing
Newly appointed CEO Chae Lee put $318,496 of his own money into Magnachip shares at $3.17-$3.22, just days after Navitas agreed to invest $5M at $3.42. The purchase is a real cash commitment from the company's top executive, not an option exercise or grant, and it comes as the stock trades near the low end of its recent range. For a micro-cap with declining cash reserves and widening operating losses, insider buying at these levels is a notable vote of confidence in the turnaround and the Navitas partnership.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 30.2% of the 1605 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.53%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, MX was trading at $3.79 on NYSE in the Manufacturing sector, with a market capitalization of approximately $120.5M. The 52-week trading range was $2.18 to $9.86. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.