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Wednesday 11/28 Insider Buying Report: FTNW, CLRO
Wednesday, November 28, 1:45 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 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.

For MarketNewsVideo.com, I'm Sayoko Murase.

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Wednesday 11/28 Insider Buying Report: FTNW, CLRO | Market News Video | Copyright © 2008 - 2019, All Rights Reserved

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