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Tuesday 6/10 Insider Buying Report: PCI, WMC

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, PIMCO Dynamic Credit Income Fund ( PCI )'s , William H. Gross, made a $1.69M purchase of PCI, buying 71,018 shares at a cost of $23.75 each. PIMCO Dynamic Credit Income Fund is trading up about 0.3% on the day Tuesday. Before this latest buy, Gross purchased PCI on 20 other occasions during the past year, for a total investment of $46.27M at an average of $23.03 per share.

And also on Friday, Chief Investment Officer Anup Agarwal bought $158,770 worth of Western Asset Mortgage Capital ( WMC ), buying 11,000 shares at a cost of $14.43 each. Western Asset Mortgage Capital is trading off about 0.3% on the day Tuesday. So far Agarwal is in the green, up about 2.5% on their purchase based on today's trading high of $14.79.

VIDEO: Tuesday 6/10 Insider Buying Report: PCI, WMC

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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