Friday 2/20 Insider Buying Report: MDAS
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 one noteworthy recent insider buy.
At MedAssets ( MDAS ), a filing with the SEC revealed that on Thursday, CEO R. Halsey Wise purchased 110,300 shares of MDAS, at a cost of $18.15 each, for a total investment of $2.00M. Wise was up about 5.3% on the purchase at the high point of today's trading session, with MDAS trading as high as $19.12 at last check today. MedAssets is trading up about 2.7% on the day Friday. Before this latest buy, Wise made one other buy in the past twelve months, purchasing $199,674 shares for a cost of $22.31 a piece.
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