In a review of recent insider transactions filed with the SEC, we saw some items worth noting beyond yesterday's report that Warren Buffett purchased $30 million in DaVita
Another famous name was a buyer: Bill Gates purchased nearly $10 million of "trash" in Republic Services
(NYSE:RSG), a waste management collection company that also owns landfills.
On the selling side, Leonard Bell, CEO of Alexion Pharmaceuticals
(NASDAQ:ALXN), unloaded over $16 million of company shares over two days in late September. The biopharmaceutical focuses on severe, ultra-rare disorders.
(NYSE:SWN) ex-CFO, Gregory D. Kerley, put over $8 million worth of stock in the natural gas and oil exploration company on the market, which made sense since he resigned from the company around the time of his sales.
A rather less explicable sale, albeit on a much smaller scale, involved In Media's
(OTC:IMDC) Nitin Karnik. He made about 25 separate (but small) transactions over August and September, with the smallest at $25.88 for 75 shares and the largest at $14,726 for 39,800 shares of the tiny $22 million market cap, development-stage tech company. A serial entrepreneur, Karnik may be moving on. According to Macroaxis, the company has total return on assets of negative 358.57%, which means it has lost $358.67 for every $100 spent on assets.
No positions in stocks mentioned.