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Wednesday 8/13 Insider Buying Report: INO, PDI

Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.

At Inovio Pharmaceuticals ( INO ), a filing with the SEC revealed that on Tuesday, Chief Executive Officer Jong Joseph Kim purchased 250,000 shares of INO, at a cost of $9.05 each, for a total investment of $2.26M. Inovio Pharmaceuticals is trading up about 7.7% on the day Wednesday. This purchase marks the first one filed by Kim in the past twelve months.

And on Friday, William H. Gross bought $534,922 worth of PIMCO Dynamic Income Fund ( PDI ), buying 16,923 shares at a cost of $31.61 each. Before this latest buy, Gross purchased PDI at 36 other times during the past year, for a total investment of $46.79M at an average of $31.97 per share. PIMCO Dynamic Income Fund is trading up about 0.6% on the day Wednesday. So far Gross is in the green, up about 2.5% on their purchase based on today's trading high of $32.40.

VIDEO: Wednesday 8/13 Insider Buying Report: INO, PDI

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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