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Tuesday 10/6 Insider Buying Report: OLLI, KYN

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.

On Thursday, Ollie's Bargain Outlet Holdings ( OLLI )'s Director, Robert Fisch, made a $81,250 buy of OLLI, purchasing 5,000 shares at a cost of $16.25 each. Fisch was up about 2.3% on the purchase at the high point of today's trading session, with OLLI trading as high as $16.62 at last check today. Ollie's Bargain Outlet Holdings is trading off about 0.8% on the day Tuesday. This purchase marks the first one filed by Fisch in the past twelve months.

And on Friday, Director William H. Shea Jr. purchased $77,140 worth of Kayne Anderson MLP Investment Company ( KYN ), purchasing 3,500 shares at a cost of $22.04 each. Kayne Anderson MLP Investment Company is trading up about 0.5% on the day Tuesday. Shea Jr. was up about 8.9% on the buy at the high point of today's trading session, with KYN trading as high as $24.00 in trading on Tuesday.

VIDEO: Tuesday 10/6 Insider Buying Report: OLLI, KYN

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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