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Thursday 8/23 Insider Buying Report: REED, FDEU Thursday, August 23, 10:35 AM ET 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 Reed's (REED), a filing with the SEC revealed that on Wednesday, Director John Bello purchased 414,477 shares of REED, for a cost of $2.49 each, for a total investment of $1.03M. Reed's is trading up about 14.7% on the day Thursday. Before this latest buy, Bello made one other purchase in the past year, buying $199,626 shares at a cost of $2.98 a piece.
And on Monday, Director James A. Bowen bought $516,334 worth of First Trust Dynamic Europe Equity Income Fund (FDEU), buying 32,851 shares at a cost of $15.72 a piece. First Trust Dynamic Europe Equity Income Fund is trading down about 0.4% on the day Thursday. Bowen was up about 0.5% on the purchase at the high point of today's trading session, with FDEU trading as high as $15.80 at last check today.
For MarketNewsVideo.com, I'm Sayoko Murase. | |
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