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Tuesday 4/11 Insider Buying Report: YUMC, CUBA

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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 Friday, Yum China Holdings ( YUMC )'s Chief Executive Officer, Muktesh Pant, made a $3.12M purchase of YUMC, buying 100,000 shares at a cost of $31.17 a piece. So far Pant is in the green, up about 2.6% on their purchase based on today's trading high of $31.97. Yum China Holdings is trading up about 2% on the day Tuesday. This buy marks the first one filed by Pant in the past year.

And on Thursday, President Erik Mervin Herzfeld bought $103,866 worth of Herzfeld Caribbean Basin Fund ( CUBA ), buying 15,000 shares at a cost of $6.92 a piece. This purchase marks the first one filed by Herzfeld in the past year. Herzfeld Caribbean Basin Fund is trading up about 0.1% on the day Tuesday.

VIDEO: Tuesday 4/11 Insider Buying Report: YUMC, CUBA

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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