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Wednesday 1/11 Insider Buying Report: AXDX

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Shutterstock photo

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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 one noteworthy recent insider buy.

On Monday, Director Matthew Strobeck bought $152,000 worth of Accelerate Diagnostics ( AXDX ), buying 8,000 shares at a cost of $19.00 a piece. Before this latest buy, Strobeck made one other purchase in the past twelve months, buying $230,400 shares for a cost of $11.52 each. Accelerate Diagnostics is trading up about 3.5% on the day Wednesday. Strobeck was up about 30.8% on the buy at the high point of today's trading session, with AXDX trading as high as $24.85 at last check today.

VIDEO: Wednesday 1/11 Insider Buying Report: AXDX

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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