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 cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
On Wednesday, PIMCO Dynamic Income Fund (PDI)'s , William H. Gross, made a $1.36M buy of PDI, purchasing 40,436 shares at a cost of $33.53 a piece. Gross was up about 1.1% on the buy at the high point of today's trading session, with PDI trading as high as $33.89 at last check today. PIMCO Dynamic Income Fund is trading up about 0.1% on the day Monday. Before this latest buy, Gross purchased PDI on 27 other occasions during the past year, for a total investment of $35.72M at an average of $31.75 per share.
And at Heron Therapeutics (HRTX), there was insider buying on Wednesday, by Chief Executive Officer Barry D. Quart who purchased 10,000 shares for a cost of $11.75 each, for a total investment of $117,500. This buy marks the first one filed by Quart in the past twelve months. Heron Therapeutics is trading up about 4.9% on the day Monday. Quart was up about 7.5% on the purchase at the high point of today's trading session, with HRTX trading as high as $12.63 in trading on Monday.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.