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.