Translation - Quiet PleaseThe CEO with his most recent purchase, just told the market to STFU w.r.t. share buybacks. Furthermore, he is telling the market that the company is not in possession of material, non-public information about the company at this time.
Markets responds...Okay..."Who's next?" and "What's next?"
As Peter G said, the market needs to see more insiders buying (now that the window is open); otherwise this is just another fart in the wind.