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.
On Tuesday, Maxwell Technologies (MXWL)'s Chief Executive Officer, Franz Fink, made a $1.15M purchase of MXWL, buying 230,000 shares at a cost of $4.98 a piece. Fink was up about 4.7% on the purchase at the high point of today's trading session, with MXWL trading as high as $5.21 in trading on Thursday. Maxwell Technologies is trading up about 8.6% on the day Thursday. This buy marks the first one filed by Fink in the past twelve months.
And at Applied Optoelectronics (NASDAQ:AAOI), there was insider buying on Monday, by Director Alan D. Moore who purchased 22,400 shares for a cost of $44.60 each, for a trade totaling $999,047. Applied Optoelectronics is trading off about 1.3% on the day Thursday.
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