Submitted by Frank Lara Jr on Thu, 11/19/2009 - 01:18.
Ultralife Corp. (NASDAQ:ULBI) have shares fallen hard since Oct 19th, down almost 30% decending from $6 to just under $4. On Oct 29th Ultralife reported a Q3 loss of 4 cents a share and they plan to be profitable before the end of the year. The selling hasn't stopped since October but the insiders at Ultralife have been buying shares during November at the high $3 and low $4 level.
Ultralife execs have picked up 278,942 shares during November to the tune of $1.14 million, should you do the same?