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Wednesday 7/1 Insider Buying Report: FFC
Wednesday, July 1, 10:48 AM ET

Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money. Today we look at one noteworthy recent insider buy.

On Monday, Robert M. Ettinger bought $275,250 worth of Flaherty & Crumrine Preferred Securities Income Fund (NYSE:FFC), buying 15,000 shares at a cost of $18.35 each. Flaherty & Crumrine Preferred Securities Income Fund is trading up about 1% on the day Wednesday. Ettinger was up about 2.7% on the purchase at the high point of today's trading session, with FFC trading as high as $18.85 in trading on Wednesday.

For MarketNewsVideo.com, I'm Sayoko Murase.

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