Tuesday 5/27 Insider Buying Report: PCI, KPTI

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Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.

At PIMCO Dynamic Credit Income Fund ( PCI ), a filing with the SEC revealed that on Thursday, William H. Gross bought 186,249 shares of PCI, for a cost of $23.52 each, for a total investment of $4.38M. Gross was up about 0.8% on the purchase at the high point of today's trading session, with PCI trading as high as $23.71 in trading on Tuesday. PIMCO Dynamic Credit Income Fund is trading up about 0.2% on the day Tuesday. Before this latest buy, Gross bought PCI on 19 other occasions during the past twelve months, for a total cost of $41.89M at an average of $22.98 per share.

And on Friday, Director Deepika Pakianathan bought $3M worth of Karyopharm Therapeutics ( KPTI ), buying 114,419 shares at a cost of $26.18 each. Before this latest buy, Pakianathan made one other buy in the past twelve months, purchasing $5M shares at a cost of $16.00 each. Karyopharm Therapeutics is trading up about 2.4% on the day Tuesday. Pakianathan was up about 7.0% on the buy at the high point of today's trading session, with KPTI trading as high as $28.02 at last check today.

Tuesday 5/27 Insider Buying Report: PCI, KPTI VIDEO: Tuesday 5/27 Insider Buying Report: PCI, KPTI



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas

Referenced Stocks: PCI , KPTI

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