Actua Corp. shares gained nearly 12% in trading Tuesday after the company disclosed a handful of insider purchases of its stock.
Earlier Tuesday Actua CEO Walter Buckley disclosed he purchased 10,000 shares at $13.46 a share, while director Thomas Gerrity purchased 10,000 shares at $12.99 a share. Director David Downes bought 10,000 shares at $13.02 a share while Douglas Alexander, president of Actua purchased 10,000 shares at $13 a share and Chief Financial Officer Raymond Kirk Morgan purchased 985 shares at $12.98 a share. Recently ACTA was up on heavy volume of 243,000 shares. Average daily volume is 168,302 shares.