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, FTE Networks' Chief Executive Officer, Michael Palleschi, made a $148,350 purchase of FTNW, buying 35,000 shares at a cost of $4.24 a piece. Palleschi was up about 38.0% on the buy at the high point of today's trading session, with FTNW trading as high as $5.85 at last check today. FTE Networks is trading up about 22.7% on the day Wednesday. Before this latest buy, Palleschi made one other buy in the past year, purchasing $69,690 shares at a cost of $12.67 each.
And also on Tuesday, CEO Zeynep Hakimoglu bought $148,149 worth of ClearOne, buying 116,653 shares at a cost of $1.27 each. Before this latest buy, Hakimoglu bought CLRO at 2 other times during the past year, for a total investment of $146,963 at an average of $1.25 per share. ClearOne is trading up about 11.8% on the day Wednesday. Hakimoglu was up about 32.3% on the buy at the high point of today's trading session, with CLRO trading as high as $1.68 at last check today.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.