As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.
At Acorn Energy Inc. (ACFN), a filing with the SEC revealed that on Friday, Director Christopher E. Clouser purchased 5,638 shares of ACFN, at a cost of $8.90 each, for a total investment of $50,192. Clouser was up about 11.4% on the buy at the high point of today's trading session, with ACFN trading as high as $9.92 at last check today. Before this latest buy, Clouser made one other purchase in the past twelve months, buying $50,537 shares at a cost of $5.35 a piece.
And at Core Molding Technologies Inc. (AMEX:CMT), there was insider buying on Friday, by VP Terrence O'Donovan who purchased 3,350 shares at a cost of $9.25 each, for a trade totaling $30,988. O'Donovan was up about 2.4% on the purchase at the high point of today's trading session, with CMT trading as high as $9.47 at last check today.
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