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GES

Friday 1/6 Insider Buying Report: PICO, GES

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Shutterstock photo

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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 Tuesday, PICO Holdings ( PICO )'s Director, Andrew F. Cates, made a $61,495 purchase of PICO, buying 4,100 shares at a cost of $15.00 a piece. Cates was up about 2.7% on the buy at the high point of today's trading session, with PICO trading as high as $15.40 in trading on Friday. PICO Holdings is trading up about 0.3% on the day Friday. This purchase marks the first one filed by Cates in the past year.

And at GUESS ? ( GES ), there was insider buying on Tuesday, by CEO and Director Amigo Victor Herrero who purchased 2,724 shares at a cost of $12.25 each, for a total investment of $33,369. Before this latest buy, Herrero purchased GES at 3 other times during the past year, for a total investment of $68,266 at an average of $15.37 per share. GUESS ? is trading up about 0.2% on the day Friday.

VIDEO: Friday 1/6 Insider Buying Report: PICO, GES

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


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

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