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In Insider Trading, Berkshire Hathaway Buys DaVita HealthCare and the CEO of Under Armour Sells

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Plus, a purchase at Yum Brands and sales of IBM and Microsoft.

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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 Thursday, February 7, 2013 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.

In insider purchases, Berkshire Hathaway (NYSE:BRK.B), a beneficial owner of dialysis and kidney care company DaVita HealthCare (NYSE:DVA), bought $3,728,844 worth of company stock. Robert Walter, a Director of fast food company Yum Brands (NYSE:YUM) , bought $2,168,086 worth of company stock. The diversified health care company Sanofi (NYSE:SNY), a beneficial owner of protein therapeutics developer KaloBios Pharmaceuticals (NASDAQ:KBIO), bought $700,000 worth of company stock.

In insider sales, Bill Gates sold $192,523,536 worth of Microsoft (NASDAQ:MSFT) stock. Kevin Plank, Founder, Chairman, and CEO of performance clothing and accessories company Under Armour (NYSE:UA), sold $14,691,182 worth of company stock. At IBM (NYSE:IBM), Senior Vice President for Systems and Technology Rodney Adkins sold $2,763,329 worth of company stock, while Robert Weber, Senior VP of Legal and Regulatory Affairs, sold $2,312,468 worth of company stock.

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.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
B
$3,728,844
2
DIR
B
$2,168,086
3
BO
B
$700,000
4
DIR
B
$565,036
5
DIR
JB*
$549,971
6
DIR
JB*
$260,057
7
DIR
B
$259,192
8
CB,CEO,FO
JB*,B
$216,518
9
CEO,CB,BO
B
$206,953
10
DIR
JB*
$199,999

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

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
DIR
AS
$192,523,536
2
BO
S
$18,510,876
3
CEO,CB,BO
AS
$14,691,182
4
CB,DIR,BO
S
$3,466,897
5
DIR
S
$2,832,736
6
VP
S
$2,763,329
7
DIR
S
$2,715,000
8
VP
S
$2,312,468
9
CB
S
$2,126,505
10
COO,VP,DIR
S
$1,904,582

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

Editor's note: Jonathan Moreland is the founder of Insider Insights and author of "Profit From Legal Insider Trading."
No positions in stocks mentioned.
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