Insider buying is widely considered a positive indicator for any company. This holds truer for biotechnology companies because valuations are linked to pipeline candidates.
In the financial world, there are a multitude of metrics investors can use to analyze their holdings. Some of the most useful are hedge fund and insider trading interest.
Mine Safety Appliances (NYSE:MSA) was in 8 hedge funds' portfolio at the end of the fourth quarter of 2012. MSA shareholders have witnessed a decrease in hedge fund sentiment lately.