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Wednesday 4/16 Insider Buying Report: NEON
Wednesday, April 16, 4:03 PM ET

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 buy.

At Neonode (NASDAQ:NEON), a filing with the SEC revealed that on Wednesday, CEO Bjorn Thomas Eriksson bought 20,000 shares of NEON, for a cost of $5.08 each, for a total investment of $101,504. Neonode is trading up about 6.9% on the day Wednesday. Before this latest buy, Eriksson made one other buy in the past year, purchasing $87,801 shares at a cost of $5.85 a piece.

For MarketNewsVideo.com, I'm Sayoko Murase.

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