Monday 12/23 Insider Buying Report: VKQ, OXLC Monday, December 23, 3:33 PM ET
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 cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
At Invesco Van Kampen Municipal Trust (VKQ), a filing with the SEC revealed that on Thursday, Director Rodney F. Dammeyer purchased 21,760 shares of VKQ, at a cost of $11.50 each, for a total investment of $250,175. So far Dammeyer is in the green, up about 1.9% on their buy based on today's trading high of $11.71.
And at Oxford Lane Capital (OXLC), there was insider buying on Thursday, by CFO Patrick Conroy who bought 9,000 shares for a cost of $17.00 each, for a trade totaling $153,004. This buy marks the first one filed by Conroy in the past year. Oxford Lane Capital is trading up about 1.3% on the day Monday.
For MarketNewsVideo.com, I'm Sayoko Murase.
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