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An Insider Buys Shares of Mining Company Freeport-McMoRan While Graphic Packaging Sees a Sale

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Plus, purchases at Acadia Pharmaceuticals and Amtrust Financial Services.

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Welcome to our daily roundup of top insider trades. Here's a look at the most significant inside sales and purchases filed with the SEC on Wednesday, June 5, 2013.

Notable Purchases:
  • James Flores, the Vice Chairman and Director of international mining company Freeport-McMoRan Copper & Gold (NYSE:FCX), bought 1,100,000 of company stock for $32,290,840.
  • Felix Baker, a Director of biopharmaceutical company Acadia Pharmaceuticals Inc. (NASDAQ:ACAD), bought 2,340,314 shares of company stock for $33,563,308.
  • George Karfunkel, a Director of multinational insurance company Amtrust Financial Services, Inc. (NASDAQ:AFSI), bought 1,000,000 shares of company stock for $25,000,000.
Notable Sales:
  • TPG Group Holdings SBS Advisors sold 7,581,506 shares of Graphic Packaging Holding Company (NYSE:GPK) for $58,605,040.
For more insider trades, please see the chart below:

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
VCB,DIR
B
$34,290,840
2
DIR,BO
B
$33,563,308
3
DIR,BO
JB*
$25,000,000
4
DIR,BO
B
$13,792,733
5
BO
B
$809,350
6
CEO,CB,BO
B
$449,845
7
DIR
B
$416,810
8
DIR
B
$335,500
9
DIR
B
$322,783
10
DIR
B
$299,242

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
DIR,BO
JS*
$86,280,488
2
F,DIR,BO
AS
$71,944,544
3
BO
JS*
$58,605,040
4
DIR,BO
AS
$13,611,608
5
BO
S,JS*
$10,502,932
6
BO
S
$10,280,619
7
CEO,DIR
AS
$9,254,311
8
CB,CEO,BO
S
$7,960,870
9
CEO,DIR
AS
$6,043,418
10
PR,COO
S
$4,628,560

Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes

An important note from Jonathan Moreland, founder of Insider Insights:

In a victory for common sense, it has been proven profitable -- by both academic studies and (more importantly) the experience of your fellow professional investors -- to monitor the trading behavior of company executives, directors, and large shareholders in the stocks of firms of which they're registered as "insiders."

Please note, however, that the lists above are strictly factual; they are 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.

At InsiderInsights.com, we find new investment ideas just about every day using these and 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.

Jonathan Moreland is also the author of "Profit From Legal Insider Trading."
No positions in stocks mentioned.
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