updated Thursday, December 21, 10:31 AM
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.
On Tuesday, Nucor's Director, Nicholas C. Gangestad, made a $176,609 purchase of NUE, buying 1,000 shares at a cost of $176.61 a piece. Gangestad was up about 0.9% on the buy at the high point of today's trading session, with NUE trading as high as $178.18 at last check today. Nucor is trading up about 1% on the day Thursday.
And also on Tuesday, Principal Executive Officer Lauren Michelle Basmadjian purchased $106,128 worth of Carlyle Credit Income Fund, purchasing 13,550 shares at a cost of $7.83 each. Carlyle Credit Income Fund is trading up about 0.4% on the day Thursday.
For MarketNewsVideo.com, I'm Sayoko Murase.
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