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 cash to make a purchase, is that they expect to make money. Today we look at one noteworthy recent insider buy.
On Thursday, PIMCO Dynamic Income Fund ( PDI )'s , William H. Gross, made a $329,789 purchase of PDI, buying 10,000 shares at a cost of $32.98 each. Gross was up about 1.4% on the buy at the high point of today's trading session, with PDI trading as high as $33.43 at last check today. PIMCO Dynamic Income Fund is trading up about 0.9% on the day Monday. Before this latest buy, Gross purchased PDI on 24 other occasions during the past twelve months, for a total cost of $33.84M at an average of $31.67 per share.
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.
