Markets

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.

VIDEO: Friday 2/20 Insider Buying Report: MDAS

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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