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BioScrip Inc. (BIOS) Chairman of the Board and CEO Richard H Friedman sells 10,000 Shares

December 03, 2009 | About:
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Chairman of the Board and CEO of BioScrip Inc. (BIOS) Richard H Friedman sells 10,000 shares of BIOS on 12/01/2009 at an average price of $7.69 a share.

BioScrip provides comprehensive pharmaceutical care solutions. We partner with healthcare payors, pharmaceutical manufacturers, government agencies, physicians, and patients to deliver cost effective programs that enhance the quality of patient life. We focus our products and services in two core areas: specialty medication distribution and clinical management services, both nationally and community-based and pharmacy benefit management services. Bioscrip Inc. has a market cap of $290.4 million; its shares were traded at around $7.49 with a P/E ratio of 17.9 and P/S ratio of 0.2.

BIOS is in the portfolios of Chuck Royce of ROYCE & ASSOCIATES.

Insiders' Positions with BIOS


  • Sell:: Chairman of the Board and CEO Richard H Friedman sold 8,302 shares of BIOS stock on 11/16/2009 at the average price of 9, the price of the stock has decreased by 16.78% since

  • Sell:: Chairman of the Board and CEO Richard H Friedman sold 85,000 shares of BIOS stock on 11/09/2009 at the average price of 8.01, the price of the stock has decreased by 6.49% since

  • Sell:: Chairman of the Board and CEO Richard H Friedman sold 58,000 shares of BIOS stock on 11/04/2009 at the average price of 7.73, the price of the stock has decreased by 3.1% since

  • Sell:: Chairman of the Board and CEO Richard H Friedman sold 7,861 shares of BIOS stock on 10/14/2009 at the average price of 7, the price of the stock has increased by 7% since

  • Sell:: Chairman of the Board and CEO Richard H Friedman sold 22,139 shares of BIOS stock on 10/08/2009 at the average price of 7, the price of the stock has increased by 7% since


Insiders' Positions with BIOS


  • Sell:: 10% Owner William J Nasgovitz sold 13,600 shares of BIOS stock on 12/01/2009 at the average price of 7.69, the price of the stock has decreased by 2.6% since

  • Sell:: 10% Owner William J Nasgovitz sold 62,000 shares of BIOS stock on 11/25/2009 at the average price of 7.78, the price of the stock has decreased by 3.73% since

  • Sell:: 10% Owner William J Nasgovitz sold 24,400 shares of BIOS stock on 11/23/2009 at the average price of 7.83, the price of the stock has decreased by 4.34% since

  • Sell:: Executive Vice President Thomas Ordemann sold 41,260 shares of BIOS stock on 11/11/2009 at the average price of 8.56, the price of the stock has decreased by 12.5% since

  • Sell:: Executive Vice President Thomas Ordemann sold 41,260 shares of BIOS stock on 11/11/2009 at the average price of 8.56, the price of the stock has decreased by 12.5% since


About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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Why CEOs Are Buying Stocks Of Their Own Companies?

  1. 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."
  2. 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.
  3. 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.

Click it to Check Out What the CEO Are Trading


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