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Western Asset Director Grillo Buys 1000 Shares at $11.36 per Share.
ByAinvest
Wednesday, May 28, 2025 5:08 pm ET1min read
Western Asset Global Corporate Opportunity Fund Inc. (GDO) has announced that Director Anthony Grillo has purchased 1,000 shares at a price of $11.36 per share on May 27, 2025.
Western Asset Global Corporate Opportunity Fund Inc. (GDO) has announced that Director Anthony Grillo has purchased 1,000 shares at a price of $11.36 per share on May 27, 2025. The transaction represents a strategic investment by Grillo, who is now directly owning a portion of the company's stock.The purchase, disclosed in a filing with the Securities & Exchange Commission, indicates that Grillo is bullish on the company's future prospects. The shares were acquired at a relatively low price, suggesting that Grillo may be looking to capitalize on potential future growth or value appreciation in the stock.
The transaction is part of a broader trend of insider buying, where key stakeholders in a company purchase their own shares, often indicating confidence in the company's performance. This can be a positive signal for investors, as it suggests that insiders believe in the company's long-term success.
Western Asset Global Corporate Opportunity Fund Inc. engages in the business of producing and marketing apparel, footwear, and accessories. The company operates through various segments, including Outdoor, Active, Work, and Other. The Outdoor segment includes performance-based and outdoor apparel, footwear, and equipment.
The fund's recent insider buying activity is consistent with its overall investment strategy, which focuses on fixed income securities. The fund may invest up to 35% of its assets in below investment grade securities, with no more than 5% of the fund's assets permitted to be invested in fixed income securities whose highest rating is below BB- by S&P, BB- by Fitch, or Ba3 by Moody's.
Reference List:
[1] https://www.marketbeat.com/instant-alerts/insider-buying-vf-corporation-nysevfc-director-acquires-50000-shares-of-stock-2025-05-27/
[2] https://finance.yahoo.com/quote/WINC/
[3] https://quantisnow.com/insight/sec-form-s4-filed-by-metrocity-bankshares-inc-6057093
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