Acacia Research shares trade higher amid insider buying
A number of insiders at Acacia Research disclosed in filings on Tuesday that they had purchased shares of the company's stock on September 15. Board members, including Frank E. Walsh and chairman Louis Graziadio bought 25,000 shares and 32,900 respectively on September 15. Members of the management team at Acacia Research also purchased shares on the same day, with General Counsel Joseph Treska acquiring 2,500 shares and president Robert Stewart acquiring 5,000 shares. The CFO Clayton Haynes also purchased 2000 shares on September 2015. The purchase price of shares acquired by insiders at the firm on that day ranged in price from $3.98 to approximately $4.01 per share. Shares of Acacia Research are off their intra-session high of $4.95, up 16% to $4.70 per share in midday trading.