COO Clarence L Dellio sold 3,007 shares of MDGN stock on 09/14/2012 at the average price of 10.74. The price of the stock has increased by 3.45% since.
Director Joel S Kanter sold 700 shares of MDGN stock on 08/30/2012 at the average price of 13.03. Joel S Kanter owns at least 214,068 shares after this. The price of the stock has decreased by 14.74% since.
Director Stephen D Mcmurray sold 10,935 shares of MDGN stock on 08/24/2012 at the average price of 12.5. Stephen D Mcmurray owns at least 79,835 shares after this. The price of the stock has decreased by 11.12% since.
For the complete insider trading history of MDGN, click here.
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Why CEOs Are Buying Stocks Of Their Own Companies?
As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.
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