What's Going On With MSP Recovery Stock?

MSP Recovery, Inc. (NASDAQ:LIFW) shares are trading higher on Tuesday. On Monday, the company announced that it is in compliance with all applicable Nasdaq listing standards
 

What To Know: MSP Recovery announced on Monday that it is now in compliance with all applicable Nasdaq listing standards, per a correspondence it received from Nasdaq on Oct. 27, allowing the company's Class A common stock to continue to be listed and traded on the exchange. The company has rectified its previously disclosed bid price deficiencies, although it will be subject to continued compliance with applicable Nasdaq listing standards.

The stock has been trending higher over the past several days, after hitting an all-time low last week. News that CEO John Hasan Ruiz bought 467,290 shares last Thursday appears to have been a strong catalyst for the recent move higher.

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LIFW Price Action: Shares of LIFW were up 45.2% at $2.44 at the time of publication, according to Benzinga Pro.

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