Wednesday 3/10 Insider Buying Report: PFSI, SSSS

Wednesday 3/10 Insider Buying Report: PFSI, SSSS

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.

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 PennyMac Financial Services, a filing with the SEC revealed that on Tuesday, Director Farhad Nanji bought 241,677 shares of PFSI, at a cost of $60.49 each, for a total investment of $14.62M.

So far Nanji is in the green, up about 12.4% on their buy based on today's trading high of $67.97.

PennyMac Financial Services is trading up about 3.2% on the day Wednesday.

And at Suro Capital, there was insider buying on Friday, by See Remarks Allison Green who bought 16,610 shares for a cost of $11.91 each, for a total investment of $197,854.

This purchase marks the first one filed by Green in the past twelve months.

Suro Capital is trading up about 3.8% on the day Wednesday.

Green was up about 17.4% on the buy at the high point of today's trading session, with SSSS trading as high as $13.99 in trading on Wednesday.