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Wednesday 12/16 Insider Buying Report: GAIN, MINI

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 Gladstone Investment ( GAIN ), a filing with the SEC revealed that on Monday, CEO David Gladstone bought 90,000 shares of GAIN, for a cost of $7.53 each, for a total investment of $677,700. So far Gladstone is in the green, up about 1.9% on their purchase based on today's trading high of $7.67. Gladstone Investment is trading up about 0.8% on the day Wednesday. Before this latest buy, Gladstone made one other buy in the past year, purchasing $1.25M shares at a cost of $7.89 a piece.

And on Tuesday, Director Michael L. Watts bought $484,262 worth of Mobile Mini ( MINI ), buying 15,386 shares at a cost of $31.47 each. Mobile Mini is trading up about 4.8% on the day Wednesday. So far Watts is in the green, up about 5.2% on their purchase based on today's trading high of $33.12.

VIDEO: Wednesday 12/16 Insider Buying Report: GAIN, MINI

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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