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Friday 9/29 Insider Buying Report: CPB, GSVC

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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 Wednesday, Campbell Soup ( CPB )'s Senior Vice President, Luca Mignini, made a $199,821 purchase of CPB, buying 4,300 shares at a cost of $46.47 each. Mignini was up about 2.4% on the buy at the high point of today's trading session, with CPB trading as high as $47.59 in trading on Friday. Campbell Soup is trading up about 0.5% on the day Friday.

And at GSV Capital Corporation ( GSVC ), there was insider buying on Wednesday, by CEO Mark D. Klein who bought 10,000 shares at a cost of $5.02 each, for a trade totaling $50,212. Before this latest buy, Klein bought GSVC at 4 other times during the past twelve months, for a total investment of $200,281 at an average of $5.01 per share. GSV Capital Corporation is trading up about 0.6% on the day Friday. Klein was up about 8.5% on the purchase at the high point of today's trading session, with GSVC trading as high as $5.45 in trading on Friday.

VIDEO: Friday 9/29 Insider Buying Report: CPB, GSVC

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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