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In Insider Trading, EMC Buys VMware and Molibdenos y Metales Buys Molycorp

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Plus, sales at Google, MetroPCS, TD Ameritrade, and Adobe.

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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, January 31, 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 purchases, Molibdenos y Metales S.A., the world's largest processor of molybdenum and rhenium, bought $90 million worth of stock in Molycorp (NYSE:MCP), which makes and sells rare earth oxides. Molycorp announced today that Molibdenos y Metales would be investing approximately $390 million in the rare metals company, in exchange for 12.5 million shares. The data storage products and services corporation EMC (NYSE:EMC) bought $19,983,032 worth of stock in cloud infrastructure and virtualization company VMware (NYSE:VMW). Investment firm Three Arch Capital, a beneficial owner of LipoScience (NASDAQ:LPDX), the in vitro diagnostic company that develops and markets diagnostic tests, bought $1.935 million worth of company stock.

In sales, Eric Schmidt, Chairman of Google (NASDAQ:GOOG), sold $53,579,719 worth of company stock. At wireless telecommunications company MetroPCS Communications (NYSE:PCS), CEO Roger Linquist sold $1,731,252 worth of stock. Peter Mosling Jr., a Director of specialty vehicle company Oshkosh Corporation (NYSE:OSK), sold $1.582 million worth of company stock. Peter Ricketts, a Director of TD Ameritrade (NYSE:AMTD), sold $893,640 worth of company stock. Bradley Rencher, Senior Vice President and General Manager of software company Adobe (NASDAQ:ADBE), sold $801,326 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
JB*
$90,000,000
2
BO
B
$19,983,032
3
BO
JB*
$1,935,000
4
BO
B
$217,630
5
CB,DIR,BO
B
$156,005
6
CEO,DIR
B
$136,290
7
DIR
B
$128,035
8
VP
JB*
$102,971
9
DIR
B
$82,500
10
VP,CFO
B
$68,619

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
CB,DIR
AS
$53,579,719
2
BO
S
$2,237,058
3
CEO,DIR
AS
$1,731,252
4
DIR
S
$1,582,000
5
VP,GC
S
$1,063,839
6
BO
AS
$990,781
7
DIR
S
$893,640
8
VP,SO
S
$801,326
9
MD
S
$705,300
10
CB,CEO,DIR
S
$660,857

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."
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No positions in stocks mentioned.
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