Liquidia Negatively Rated Stock Pick of the Week at Smart Insider Following Chairman's Share Sale

09:39 AM EDT, 10/13/2026 (MT Newswires) -- Liquidia (LQDA) was Smart Insider's negatively rated stock pick of the week after Chairman Stephen Bloch sold 235,477 shares for $6.4 million on Oct. 5. Bloch, who joined the company in 2009 and became chairman in October 2018, sold the shares indirectly through Canaan LP at $27.13 apiece, Smart Insider said in a Tuesday note. The sale reduced Canaan LP's holding to zero, while Bloch retains 104,570 shares directly, including 32,976 shares recently distributed to him as part of a pro rata distribution to members, according to the note. Bloch and Canaan LP have sold 2 million Liquidia shares for $125 million in 2026 at an average price of about $63 per share, according to Smart Insider. Sales began in March at $36 and reached as high as $85 in July, it added. Smart Insider also said the latest sale followed a Sept. 30 patent infringement ruling, after which shares fell from levels near $70, where they had traded for several months. Smart Insider said the sales may reflect portfolio decisions but viewed the latest transaction as "concerning." The firm added that it would monitor the stock for further activity. Smart Insider ranked Liquidia -N, indicating a notable and negative signal.