Thursday 11/16 Insider Buying Report: MXWL, AAOI Thursday, November 16, 10:33 AM 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, 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 (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.
For MarketNewsVideo.com, I'm Sayoko Murase.
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