Thursday 1/17 Insider Buying Report: NMI, NUW Thursday, January 17, 10:31 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.
On Monday, Nuveen Municipal Income Fund (NMI)'s , Young L. Robert, made a $100,036 buy of NMI, purchasing 9,582 shares at a cost of $10.44 a piece. So far Robert is in the green, up about 0.7% on their buy based on today's trading high of $10.51. Nuveen Municipal Income Fund is trading up about 0.4% on the day Thursday. This purchase marks the first one filed by Robert in the past twelve months.
And at Nuveen Municipal Value Fund II (NUW), there was insider buying on Monday, by Young L. Robert who purchased 6,490 shares for a cost of $15.41 each, for a total investment of $100,011. Nuveen Municipal Value Fund II is trading flat on the day Thursday. Robert was up about 1.8% on the purchase at the high point of today's trading session, with NUW trading as high as $15.69 in trading on Thursday.
For MarketNewsVideo.com, I'm Sayoko Murase.
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