Bargain Hunters Take Note: Insider Cluster-Buying At NHS
January 24, 2019 at 15:58 PM EST
A particularly strong insider buying signal is what we call a "cluster-buy" where three or more different insiders make open market purchases within a short period of one another. At Neuberger High Yield Strategies Fund (NHS), 3 different insiders purchased 274,731 shares at an average price of $10.23/share, for a total of $2.81M, with the most recent purchase on January 23, 2019.