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 two noteworthy recent insider buys.
At PIMCO Dynamic Credit Income Fund (NYSE:PCI), a filing with the SEC revealed that on Monday, Emmanuel Roman purchased 95,000 shares of PCI, at a cost of $20.53 each, for a total investment of $1.95M. PIMCO Dynamic Credit Income Fund is trading up about 0.5% on the day Wednesday.
And on Friday, Director James Gero bought $1.01M worth of LCI Industries (NYSE:LCII), buying 10,000 shares at a cost of $101.12 a piece. This purchase marks the first one filed by Gero in the past year. LCI Industries is trading up about 1.5% on the day Wednesday. Gero was up about 2.4% on the buy at the high point of today's trading session, with LCII trading as high as $103.55 at last check today.
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