As you are well aware, many factors including diversification and risk management impact a decision to buy a specific stock. While it would be encouraging to see insiders buy lots of stock on the open market, I can also appreciate a decision to manage risk. Its not as if insiders don't have a lot at stake already including their shares and their annual compensation.
But if a key criteria for you is if insiders are buying stock on the open market in addition to their holdings from their job, then Wavx is not for you.
This issue has been so disected already, that there is really nothing more to say about it.
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