This is a textbook conviction cluster: CEO, CFO, and four directors all buying open-market within 5 days at a $7M market cap. The 1.8% of market cap deployed is the strongest insider signal possible for a micro-cap. Monitor for a catalyst (earnings, partnership, or financing update) that may have prompted this coordinated buying. The stock's historical negative drift suggests this could be a contrarian bottom-fishing signal — consider accumulating alongside insiders with a stop below the cluster's average cost of ~$2.40.
Price Chart
Executive Summary
Six Aclarion insiders, including the CEO and CFO, made open-market purchases totaling $126K over a 5-day window, representing approximately 1.8% of the company's $7M market cap. This is a highly material cluster of conviction buying from both C-suite and board members, the strongest signal in the insider dataset per academic literature.
Key Financial Metrics
Key Facts
- 6 insiders purchased $126K in open-market transactions over 5 days
- CEO Ness bought $12K, CFO Gould bought $25K, 4 directors bought $89K combined
- Total purchases equal ~1.8% of ACON's $7M market cap, exceeding the 0.5% materiality threshold
- All purchases were open-market (code P) — no 10b5-1 plans, no tax-withholding or grant transactions
- Stock trades at $2.31-2.73 range, near multi-year lows with 86% analyst bullish consensus
Financial Impact
Insider cluster of $126K (1.8% of market cap) — highly material relative to company size
Risk Factors
- Micro-cap with $7M market cap is highly illiquid and volatile
- Company may need additional financing — insider buying could be a signal of confidence in a dilutive deal
- 86% analyst bullish consensus creates crowded trade risk if fundamentals deteriorate
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-ACON-1787144483852 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 19, 2026 9w ago | Insider Cluster | $2.77 $2.64 | ▼ −4.69% | ▼ −2.74% | $1.93 (−30.32%) |
Aug 18, 2026 9w ago | Insider Cluster | $2.60 $2.53 | ▼ −2.67% | ▼ −1.68% | $1.93 (−25.77%) |
Jun 9, 2026 20w ago | Press Release | $3.26 $2.99 | ▼ −8.28% | ▼ −9.73% | $1.93 (−40.80%) |
Jun 8, 2026 20w ago | Press Release | $3.36 $3.07 | ▼ −8.63% | ▼ −10.26% | $1.93 (−42.56%) |
Jun 3, 2026 20w ago | Press Release | $3.49 $3.09 | ▼ −11.46% | ▼ −10.46% | $1.93 (−44.70%) |
Jun 1, 2026 21w ago | Press Release | $3.37 $2.88 | ▼ −14.54% | ▼ −13.24% | $1.93 (−42.73%) |
May 6, 2026 24w ago | Insider Cluster | $3.28 $3.49 | ▲ +6.40% | ▲ +3.62% | $1.93 (−41.16%) |
May 5, 2026 25w ago | Press Release | $3.20 $3.50 | ▲ +9.38% | ▲ +4.42% | $1.93 (−39.69%) |
Apr 22, 2026 26w ago | Press Release | $3.73 $3.20 | ▼ −14.21% | ▼ −17.37% | $1.93 (−48.26%) |
Mar 19, 2026 31w ago | Press Release | $3.26 $3.39 | ▲ +3.99% | ▼ −3.63% | $1.93 (−40.80%) |
US Market Status
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