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Acorn Energy Inc. (ACFN) CEO John A Moore buys 2,800 Shares

December 28, 2010 | About:
insider

insider

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President and CEO of Acorn Energy Inc. (ACFN) John A Moore buys 2,800 shares of ACFN on 12/27/2010 at an average price of $4.12 a share.

Acorn Energy Inc. has a market cap of $70.6 million; its shares were traded at around $4.09 with and P/S ratio of 2.3. Acorn Energy Inc. had an annual average earning growth of 34.6% over the past 5 years.

This is the annual revenues and earnings per share of ACFN over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of ACFN.


CEO Recent Trades:


  • Buy: President and CEO John A Moore bought 5,000 shares of ACFN stock on 12/22/2010 at the average price of 3.98. John A Moore owns at least 700,476 shares after this. The price of the stock has increased by 2.76% since.

  • Buy: President and CEO John A Moore bought 5,000 shares of ACFN stock on 11/16/2010 at the average price of 3.56. John A Moore owns at least 695,476 shares after this. The price of the stock has increased by 14.89% since.

  • Buy: President and CEO John A Moore bought 8,065 shares of ACFN stock on 09/17/2010 at the average price of 4.7. John A Moore owns at least 690,476 shares after this. The price of the stock has decreased by 12.98% since.

  • Buy: President and CEO John A Moore bought 5,000 shares of ACFN stock on 09/03/2010 at the average price of 4.43. John A Moore owns at least 6,824,111 shares after this. The price of the stock has decreased by 7.67% since.

  • Buy: President and CEO John A Moore bought 5,000 shares of ACFN stock on 09/03/2010 at the average price of 4.43. John A Moore owns at least 682,411 shares after this. The price of the stock has decreased by 7.67% since.



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




Directors and Officers Recent Trades:


  • Buy: VP, General Counsel, Secretary Joe B. Jr. Cogdell bought 3,000 shares of ACFN stock on 12/17/2010 at the average price of 3.5. Joe B. Jr. Cogdell owns at least 28,100 shares after this. The price of the stock has increased by 16.86% since.

  • Buy: Director Samuel M Zentman bought 5,000 shares of ACFN stock on 12/17/2010 at the average price of 3.5. Samuel M Zentman owns at least 44,121 shares after this. The price of the stock has increased by 16.86% since.

  • Buy: VP, General Counsel, Secretary Joe B. Jr. Cogdell bought 6,100 shares of ACFN stock on 11/18/2010 at the average price of 4.32. Joe B. Jr. Cogdell owns at least 25,100 shares after this. The price of the stock has decreased by 5.32% since.

  • Buy: Director George Morgenstern bought 10,000 shares of ACFN stock on 11/17/2010 at the average price of 3.99. George Morgenstern owns at least 111,361 shares after this. The price of the stock has increased by 2.51% since.

  • Buy: Director Samuel M Zentman bought 5,000 shares of ACFN stock on 10/20/2010 at the average price of 4.45. Samuel M Zentman owns at least 39,121 shares after this. The price of the stock has decreased by 8.09% since.


About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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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


Rating: 4.3/5 (4 votes)

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