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Thursday 2/22 Insider Buying Report: ATHN, SAFE

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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.

On Tuesday, Athenahealth ( ATHN )'s Director, Jeffrey R. Immelt, made a $996,800 purchase of ATHN, buying 7,200 shares at a cost of $138.44 a piece. Athenahealth is trading up about 1.9% on the day Thursday. Before this latest buy, Immelt made one other purchase in the past twelve months, buying $498,398 shares for a cost of $138.44 each.

And also on Tuesday, CFO Geoffrey G. Jervis bought $550,077 worth of Safety, Income & Growth ( SAFE ), buying 33,850 shares at a cost of $16.25 each. Before this latest buy, Jervis purchased SAFE on 18 other occasions during the past year, for a total cost of $818,140 at an average of $19.74 per share. Safety, Income & Growth is trading up about 0.2% on the day Thursday.

VIDEO: Thursday 2/22 Insider Buying Report: ATHN, SAFE

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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