Acme Packet (APKT) Sees Super Rare Insider Buy
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While Acme Packet, Inc. (Nasdaq: APKT) got hit with a downgrade this morning, another interesting data point could paint a better picture about the company.
After the close it was disclosed that Director David Elsbree bought 9,500 shares on 8/15 at $16.89-$16.90, bringing his stake to 20,637.
It was a very rare insider purchase. The last insider buy was also from Elsbree back in early 2011, although at that time shares were at much higher levels (~$73). Luckily, he only bought 200 shares at that time. Before that, you'd have to go back to 2008 to find any insider buying activity.
After the close it was disclosed that Director David Elsbree bought 9,500 shares on 8/15 at $16.89-$16.90, bringing his stake to 20,637.
It was a very rare insider purchase. The last insider buy was also from Elsbree back in early 2011, although at that time shares were at much higher levels (~$73). Luckily, he only bought 200 shares at that time. Before that, you'd have to go back to 2008 to find any insider buying activity.
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