Why insider trading matters?

When insiders buy shares on the open market, this can thus be regarded as a strong endorsement by those that know the company the best -- they are literally betting their own money on the company's future. Insider selling, however, is not necessarily meaningful in any way, as there is a range of reasons for insiders to liquidate (some) of the shares they own.

- Seeking Alpha
Nuveen Floating Rate Income Opportunity Fund (JRO)
Sector: Financial Services; Industry: Asset Management

Nuveen Floating Rate Income Opportunity Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Symphony Asset Management LLC. It invests in fixed income markets of the United States. It benchmarks the performance of its portfolio against the Barclays U.S. Aggregate Bond Index and CSFB Leveraged Loan Index.

Trade Date Insider Title Buy/Sell #Shares Price Value Option
2008-01-29 SCHNEIDER WILLIAM J Trustee Sell 5,007 $11.41 $57,154 No
2007-08-17 STEIN GUNTHER Portfolio Manager Buy 5,000 $11.86 $59,300 No
2005-11-21 SCHNEIDER WILLIAM J Trustee Buy 4,800 $12.28 $58,920 No
2005-03-03 STEIN GUNTHER Portfolio Manager Buy 1,000 $14.56 $14,560 No

Insider Smart

SERVICE CORP INTERNATIONAL (SCI) - WALTRIP W BLAIR, Director of $SCI made a buy at 34.65, was he convinced the bottom of the box is a strong support? Well, seems he is not wrong.

Insider Smart

Liberty Media Corp (LSXMA) - BERKSHIRE HATHAWAY INC, Buffett made a move and add 2M shares to their position. What a news after dumping Airlines.