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 Nuveen New York AMT-Free Municipal Income Fund, a filing with the SEC revealed that on Wednesday, Vice President Michael A. Perry bought 8,568 shares of NRK, at a cost of $13.48 each, for a total investment of $115,473. Nuveen New York AMT-Free Municipal Income Fund is trading up about 0.6% on the day Thursday.
And at Evofem Biosciences, there was insider buying on Tuesday, by Chief Executive Officer Saundra L. Pelletier who purchased 45,249 shares at a cost of $2.28 each, for a trade totaling $103,168. Evofem Biosciences is trading down about 2.2% on the day Thursday. Pelletier was up about 19.7% on the buy at the high point of today's trading session, with EVFM trading as high as $2.73 in trading on Thursday.
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.
X
Wait! Don't leave yet.
Want to receive our latest research absolutely free?
⤹
Click the button below for your complimentary copy of Your Early Retirement Portfolio: Dividends Up to 8.7%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.7%.