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 Acacia Research, a filing with the SEC revealed that on Friday, Director G. Louis Graziadio III bought 40,221 shares of ACTG, for a cost of $5.86 each, for a total investment of $235,715. So far Graziadio III is in the green, up about 3.7% on their buy based on today's trading high of $6.08. Acacia Research is trading up about 1.4% on the day Wednesday. Before this latest buy, Graziadio III purchased ACTG at 13 other times during the past year, for a total investment of $2.32M at an average of $4.49 per share.
And on Monday, Director John K. Wulff purchased $179,500 worth of Atlas Air Worldwide Holdings, purchasing 5,000 shares at a cost of $35.90 a piece. Before this latest buy, Wulff made one other purchase in the past twelve months, buying $350,098 shares at a cost of $35.01 a piece. Atlas Air Worldwide Holdings is trading off about 1.3% on the day Wednesday. So far Wulff is in the green, up about 3.8% on their purchase based on today's trading high of $37.26.
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