As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at one noteworthy recent insider buy.
On Tuesday, Scott C. Caraher bought $42,054 worth of Nuveen Senior Income Fund (NYSE:NSL), buying 6,000 shares at a cost of $7.01 each. Nuveen Senior Income Fund is trading off about 0.6% on the day Thursday. Investors can buy NSL even cheaper than Caraher did, with shares changing hands as low as $6.90 at last check today which is 1.6% under Caraher's purchase price.
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