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.
On Monday, Nuveen Global High Income Fund's , William J. Schneider, made a $400,344 purchase of JGH, buying 23,100 shares at a cost of $17.33 each. Thus far Schneider is down about 0.8% on the buy, with shares trading as low as $17.19 at last check today. Nuveen Global High Income Fund is trading up about 0.3% on the day Wednesday.
And at Pulse Biosciences (NASDAQ:PLSE), there was insider buying on Monday, by Director Maky Zanganeh who purchased 29,775 shares for a cost of $13.36 each, for a total investment of $397,670. Before this latest buy, Zanganeh purchased PLSE at 4 other times during the past twelve months, for a total cost of $2.37M at an average of $20.85 per share. Pulse Biosciences is trading up about 7.7% on the day Wednesday. Zanganeh was up about 22.7% on the buy at the high point of today's trading session, with PLSE trading as high as $16.39 in trading on Wednesday.
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