By Jonathan Moreland, founder of Insider Insights and author of Profit From Legal Insider Trading.
Which stocks are getting attention from insiders?
In a victory for common sense, the trading behavior of company executives, directors, and large shareholders in the stocks of firms they're registered "insiders" at have been proven profitable to monitor by both academic studies and (more importantly) the experience of your fellow professional investors.
Below are lists of the top 10 mainly open-market insider purchases and sales filed at the Securities and Exchange Commission Monday, July 23, 2012 as ranked by dollar value.
Please note, however, that these are factual lists, not buy and sell recommendations. Dollar value is only one metric to assess the importance of an insider transaction, and, frankly, often not even the most important metric that determines if an insider transaction is significant.
We should also relay that July is a seasonally slow filing period for insider transactions, so the dollar values of the records below are likely smaller than they will be in August.
But at InsiderInsights.com, we find new investment ideas just about every day using more intricate insider screens to determine where we should focus our subsequent fundamental and technical analysis. And while stocks don't (or shouldn't) move up or down based on insider activity alone, insiders tend to be good indicators of when real stock-moving events like earnings surprises, corporate actions, and new products may be in the offing.
So use these regular blog posts as the initial research tools they are meant to be, and click the links in the tables to analyze a company's or insider's full insider history. Also feel free to email us with any questions on our proprietary insider data, and how it is best analyzed.
| #: | Filer Name | Insider Titles | Company Name | Ticker |
Trans Type |
Dollar Value |
|---|---|---|---|---|---|---|
|
1
|
DIR,BO
|
JB*
|
$2,400,000
|
|||
|
2
|
BO
|
JB*
|
$2,335,095
|
|||
|
3
|
BO
|
B
|
$1,107,611
|
|||
|
4
|
DIR
|
B
|
$485,799
|
|||
|
5
|
CEO,DIR,BO
|
B,JB*
|
$307,314
|
|||
|
6
|
BO
|
B
|
$249,660
|
|||
|
7
|
CB,CEO,BO
|
B
|
$181,965
|
|||
|
8
|
PR,DIR
|
B
|
$140,500
|
|||
|
9
|
CEO,CB,BO
|
B
|
$135,000
|
|||
|
10
|
BO
|
B
|
$131,700
|
Source: InsiderInsights.com | Key to Insider Title and Transaction Type Codes
| #: | Filer Name | Insider Titles | Company Name | Ticker |
Trans Type |
Dollar Value |
|---|---|---|---|---|---|---|
|
1
|
BO
|
JS*
|
$606,364,096
|
|||
|
2
|
DIR,BO
|
JS*
|
$56,183,264
|
|||
|
3
|
BO
|
JS*
|
$30,562,988
|
|||
|
4
|
BO
|
S
|
$4,011,309
|
|||
|
5
|
DIR,BO
|
S
|
$3,399,100
|
|||
|
6
|
CB,DIR,BO
|
AS
|
$3,313,800
|
|||
|
7
|
BO
|
S
|
$3,062,483
|
|||
|
8
|
BO
|
S
|
$2,591,400
|
|||
|
9
|
CB,DIR
|
S
|
$2,090,380
|
|||
|
10
|
VP
|
S
|
$948,716
|
Source: InsiderInsights.com | Key to Insider Title and Transaction Type Codes