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Friday 11/20 Insider Buying Report: MMS, CXW

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 MAXIMUS ( MMS ), a filing with the SEC revealed that on Wednesday, Director Peter Pond purchased 14,375 shares of MMS, for a cost of $52.27 each, for a total investment of $751,381. MAXIMUS is trading up about 2.5% on the day Friday.

And on Tuesday, Director Joseph V. Russell purchased $616,188 worth of Corrections Corporation of America ( CXW ), purchasing 25,000 shares at a cost of $24.65 each. Before this latest buy, Russell made one other buy in the past twelve months, purchasing $1.08M shares at a cost of $30.98 each. Corrections Corporation of America is trading up about 2.9% on the day Friday. Russell was up about 5.0% on the purchase at the high point of today's trading session, with CXW trading as high as $25.87 in trading on Friday.

VIDEO: Friday 11/20 Insider Buying Report: MMS, CXW

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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