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Thursday 2/16 Insider Buying Report: DVMT, JFR

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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 cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.

On Monday, Dell Technologies ( DVMT )'s Chief Executive Officer, Michael S. Dell, made a $715,434 buy of DVMT, purchasing 24,807 shares at a cost of $28.84 each. Dell was up about 128.1% on the purchase at the high point of today's trading session, with DVMT trading as high as $65.78 in trading on Thursday. Dell Technologies is trading up about 0.2% on the day Thursday. Before this latest buy, Dell bought DVMT at 3 other times during the past year, for a total investment of $30.43M at an average of $27.52 per share.

And at Nuveen Floating Rate Income Fund ( JFR ), there was insider buying on Tuesday, by Albin F. Moschner who bought 25,000 shares for a cost of $12.02 each, for a total investment of $300,500. Nuveen Floating Rate Income Fund is trading down about 0.1% on the day Thursday. Moschner was up about 0.7% on the purchase at the high point of today's trading session, with JFR trading as high as $12.10 at last check today.

VIDEO: Thursday 2/16 Insider Buying Report: DVMT, JFR

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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