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Top Buys by Top Brass: CIO Tobia Jr.'s $377.2K Bet on ACTG
Monday, December 21, 12:05 PM ET, by Market News Video Staff

A company's own top management tend to have the best inside view into the business, ...

Notable Tuesday Option Activity: DOCU, BA, ACTG
Tuesday, February 16, 3:44 PM ET, by Market News Video Staff

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy ...

Noteworthy Wednesday Option Activity: GM, ACTG, MKSI
Wednesday, March 17, 3:32 PM ET, by Market News Video Staff

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy ...

First Week of ACTG November 19th Options Trading
Friday, March 19, 12:46 PM ET, by Market News Video Staff

Investors in Acacia Research Corp (ACTG) saw new options become available this week, for the ...

Top Buys by Directors: Tobia Jr.'s $377.2K Bet on ACTG
Monday, March 22, 1:03 PM ET, by Market News Video Staff

The directors of a company tend to have a unique inside view into the business, ...

Top Buys by Directors: Tobia Jr.'s $377.2K Bet on ACTG

By Market News Video Staff, Monday, March 22, 1:03 PM ET
Play Video: One Reason For Insiders to Buy


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The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $377.2K by Alfred Victor Tobia Jr., CIO at Acacia Research Corp (NASDAQ:ACTG).

Tobia Jr. bets big on ACTG:

Purchased Insider Title Shares Price/Share Value
12/16/2020 Alfred Victor Tobia Jr. President & CIO 100,000 $3.77 $377,170.00

Tobia Jr.'s average cost works out to $3.77/share. Shares of Acacia Research Corp were changing hands at $6.03 at last check, trading up about 3.3% on Monday. The chart below shows the one year performance of ACTG shares, versus its 200 day moving average:

Acacia Research Corp Chart

Looking at the chart above, ACTG's low point in its 52 week range is $2.1388 per share, with $9.09 as the 52 week high point — that compares with a last trade of $6.03.


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Top Buys by Directors: Tobia Jr.'s $377.2K Bet on ACTG | Market News Video | Copyright © 2008 - 2021, All Rights Reserved

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