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 Wednesday, Schlumberger Ltd. (NYSE:SLB)'s Vice President Oestdahl, made a $249,910 buy of SLB, purchasing 3,730 shares at a cost of $67.00 a piece. So far Oestdahl is in the green, up about 3.8% on their buy based on today's trading high of $69.55. Schlumberger Ltd. is trading up about 4.5% on the day Monday. This buy marks the first one filed by Oestdahl in the past twelve months. In the past year, 4 other insiders bought SLB, in 4 transactions, for a total investment of $1.08M at an average of $73.61 per share.
And also on Wednesday, Director Bruce Wesson bought $224,670 worth of MedAssets Inc (NASDAQ:MDAS), buying 24,000 shares at a cost of $9.36 each. In the past year, 1 other insider bought MDAS, purchasing $91,200 shares for a cost of $9.12 each. MedAssets Inc is trading up about 8.3% on the day Monday. So far Wesson is in the green, up about 5.8% on their buy based on today's trading high of $9.90.
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