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Tuesday 6/10 Insider Buying Report: PMF, GWRE

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.

At PIMCO Municipal Income Fund ( PMF ), a filing with the SEC revealed that on Friday, William H. Gross bought 34,033 shares of PMF, at a cost of $14.15 each, for a total investment of $481,669. So far Gross is down about 0.2% on the purchase, with the stock trading as low as $14.12 at last check today. PIMCO Municipal Income Fund is trading up about 0.2% on the day Tuesday. Before this latest buy, Gross bought PMF at 10 other times during the past year, for a total cost of $4.68M at an average of $13.77 per share.

And on Thursday, Director John Paul Cavoores bought $185,596 worth of Guidewire Software ( GWRE ), buying 5,000 shares at a cost of $37.12 a piece. Before this latest buy, Cavoores made one other purchase in the past twelve months, buying $46,978 shares at a cost of $46.98 a piece. Guidewire Software is trading up about 0.2% on the day Tuesday. Cavoores was up about 5.9% on the buy at the high point of today's trading session, with GWRE trading as high as $39.32 at last check today.

VIDEO: Tuesday 6/10 Insider Buying Report: PMF, GWRE

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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