CFO of Akorn Inc. (AKRX) Timothy A Dick buys 3,900 shares of AKRX on 08/12/2010 at an average price of $3 a share.

Akorn Inc. has a market cap of $275.95 million; its shares were traded at around $2.99 with and P/S ratio of 3.64.

AKRX is in the portfolios of Michael Price of MFP Investors LLC, Stanley Druckenmiller of Duquesne Capital Management, LLC.

CFO Recent Trades:

• Buy: CFO Timothy A Dick bought 6,728 shares of AKRX stock on 05/24/2010 at the average price of 2.6. Timothy A Dick owns at least 27,069 shares after this. The price of the stock has increased by 15% since.

This is the insider trade history vs. stock price of AKRX. For the complete insider trading history of AKRX, click here.

Directors and Officers Recent Trades:

• Buy: Director Alan D Weinstein bought 15,000 shares of AKRX stock on 06/16/2010 at the average price of 3. Alan D Weinstein owns at least 53,000 shares after this. The price of the stock has decreased by 0.33% since.


• Buy: Director Ronald M Johnson bought 35,000 shares of AKRX stock on 06/07/2010 at the average price of 2.85. Ronald M Johnson owns at least 95,000 shares after this. The price of the stock has increased by 4.91% since.


• Buy: Director Kenneth Abramowitz bought 10,290 shares of AKRX stock on 06/03/2010 at the average price of 2.82. Kenneth Abramowitz owns at least 11,290 shares after this. The price of the stock has increased by 6.03% since.


• Buy: Director Steven J Meyer bought 40,000 shares of AKRX stock on 05/25/2010 at the average price of 2.6. Steven J Meyer owns at least 50,000 shares after this. The price of the stock has increased by 15% since.


• Buy: Director Alan D Weinstein bought 16,000 shares of AKRX stock on 05/07/2010 at the average price of 2.44. Alan D Weinstein owns at least 85,000 shares after this. The price of the stock has increased by 22.54% since.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

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