Wednesday 12/30 Insider Buying Report: ACNB, GTIM

Wednesday 12/30 Insider Buying Report: ACNB, GTIM

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 two noteworthy recent insider buys.

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 two noteworthy recent insider buys.

On Monday, ACNB's Director, David L.

Sites, made a $73,932 buy of ACNB, purchasing 2,964 shares at a cost of $24.94 a piece.

So far Sites is in the green, up about 2.0% on their purchase based on today's trading high of $25.43.

ACNB is trading off about 0.4% on the day Wednesday.

Before this latest buy, Sites purchased ACNB at 4 other times during the past twelve months, for a total investment of $380,402 at an average of $30.36 per share.

And at Good Times Restaurants, there was insider buying on Tuesday, by CEO Ryan M.

Zink who bought 19,888 shares at a cost of $2.89 each, for a trade totaling $57,495.

Before this latest buy, Zink purchased GTIM on 3 other occasions during the past year, for a total investment of $35,484 at an average of $1.91 per share.

Good Times Restaurants is trading up about 12.1% on the day Wednesday.