News Column

Tuesday 2/11 Insider Buying Report: HOLX, PDI

February 11, 2014

MarketNewsVideo.com



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, Hologic (HOLX)'s CEO, Stephen P. Macmillan, made a $4.13M purchase of HOLX, buying 198,900 shares at a cost of $20.78 a piece. So far Macmillan is in the green, up about 4.8% on their purchase based on today's trading high of $21.78. Hologic is trading up about 1.3% on the day Tuesday. This buy marks the first one filed by Macmillan in the past twelve months.

And at PIMCO Dynamic Income Fund (PDI), there was insider buying on Friday, by William H. Gross who purchased 100,000 shares at a cost of $30.67 each, for a total investment of $3.07M. Before this latest buy, Gross made one other buy in the past twelve months, purchasing $2.93M shares for a cost of $29.31 each. PIMCO Dynamic Income Fund is trading up about 0.3% on the day Tuesday.

The preceding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/?id=201402Insiders0211114&mv=1.


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Source: MarketNewsVideo.com


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