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Tuesday 11/4 Insider Buying Report: GHY, PAG

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 Friday, Prudential Global Short Duration High Yield Fund ( GHY )'s S.V.P. of Subadviser, James Joseph Sullivan, made a $496,805 buy of GHY, purchasing 30,300 shares at a cost of $16.40 a piece. Prudential Global Short Duration High Yield Fund is trading down about 0.3% on the day Tuesday.

And at Penske Automotive Group ( PAG ), there was insider buying on Friday, by Director Sandra E. Pierce who purchased 3,850 shares at a cost of $44.99 each, for a total investment of $173,222. This purchase marks the first one filed by Pierce in the past twelve months. Penske Automotive Group is trading up about 0.2% on the day Tuesday.

VIDEO: Tuesday 11/4 Insider Buying Report: GHY, PAG

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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