Friday, May 20, 2011 10:25:55 AM
The chief scientist at Akamai Technologies Inc. (Nasdaq: AKAM) recently bought $1.6 million worth of the Cambridge, Mass.-based company’s stock, which has taken a beating this year.
Chief Scientist Thomson Leighton bought 50,000 shares at $32.66 apiece, according to a filing with the Securities and Exchange Commission. The stock is owned indirectly by the Thomson Leighton and Bonnie Leighton Revocable Trust, according to the SEC filing.
Since Jan. 3, Akamai shares have dropped 31 percent while the Nasdaq has climbed 6 percent. Investors recently were disappointed by Akamai’s forecast, even though the company beat analysts’ estimates in the first quarter.
http://www.bizjournals.com/boston/news/2011/05/20/akamai-chief-scientist-buys-16m-in.html?ana=yfcpc
Good judgment comes from experience, and a lot of that comes from bad judgment.
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