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Notable Two Hundred Day Moving Average Cross - CSQ
Wednesday, June 24, 5:11 PM ET, by Market News Video Staff

In trading on Wednesday, shares of Calamos Strategic Total Return Fund (CSQ) crossed below their ...

Top Buys by Top Brass: Vice President Koudounis's $250K Bet on CSQ
Monday, December 21, 2:12 PM ET, by Market News Video Staff

A company's own top management tend to have the best inside view into the business, ...

Grab This Bargain Even Cheaper Than Vice President Koudounis Did
Wednesday, December 23, 9:58 AM ET, by Market News Video Staff

There's an old saying on Wall Street about insider buying: there are many possible reasons ...

Grab This Bargain Even Cheaper Than Vice President Koudounis Did

By Market News Video Staff, Wednesday, December 23, 9:58 AM ET
Play Video: One Reason For Insiders to Buy


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There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on December 18, Calamos Strategic Total Return Fund's Vice President, John S. Koudounis, invested $249,984.17 into 15,830 shares of CSQ, for a cost per share of $15.79. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

In trading on Wednesday, bargain hunters could buy shares of Calamos Strategic Total Return Fund (NASDAQ:CSQ) and achieve a cost basis even cheaper than Koudounis, with shares changing hands as low as $15.72 per share. Calamos Strategic Total Return Fund shares are currently trading up about 0.1% on the day. The chart below shows the one year performance of CSQ shares, versus its 200 day moving average:

Calamos Strategic Total Return Fund Chart

Looking at the chart above, CSQ's low point in its 52 week range is $6.20 per share, with $15.90 as the 52 week high point — that compares with a last trade of $15.75. By comparison, below is a table showing the prices at which CSQ insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
12/18/2020 John S. Koudounis Vice President 15,830 $15.79 $249,984.17

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This Article's Word Cloud:   Back   Bargain   Bargains   Calamos   Channel   Cheaper   December   Dividend   Fund   Insider   Insiders   John   Koudounis   Looking   Newsletter   Offer   Premium   President   Price   Purchased   Receive   Return   Share   Shares   Special   Start   Strategic   Street   Than   Total   Vice   about   below   buying   chart   cost   hunters   insider   last   only   point   reason   share   shares   stock   that   their   trading   week   with
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