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 one noteworthy recent insider buys.
On Friday, Akamai Technologies (NASDAQ:AKAM)'s Chief Executive Officer, F. Thomson Leighton, made a $1.77M buy of AKAM, purchasing 50,000 shares at a cost of $35.31 each. Akamai Technologies is trading down about 0.6% on the day Monday. Before this latest buy, Leighton bought AKAM at 2 other times during the past year, for a total cost of $7.36M at an average of $29.75 per share.
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