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In Insider Trading, EMC Buys VMware and Akamai CEO Buys Company Stock

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Plus, Redstone sells Viacom shares, a purchase at Genomic Health, and sales at Och-Ziff Capital Management, IBM, and LinkedIn.

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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 Monday, February 11, 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, the data storage products and services corporation EMC (NYSE:EMC) bought $19,958,390 worth of stock in VMware (NYSE:VMW). At molecular diagnostics company Genomic Health (NASDAQ:GHDX), which develops genomic-based clinical laboratory services for studying the biology of cancer, Director Felix Baker bought $3,275,190 worth of company stock. F. Thomson Leighton, CEO of Akamai Technologies (NASDAQ:AKAM), which provides content delivery and cloud infrastructure to companies, bought $1,765,500 worth of company stock.

In insider sales, global investment holding company Dubai Holding, a beneficiary owner of investment manager Och-Ziff Capital Management Group (NYSE:OZM), sold $49,395,260 worth of company stock. Sumner Redstone, Chairman of Viacom (NASDAQ:VIAB), sold $7,558,562 worth of company stock. At LinkedIn (NYSE:LNKD), CFO and Senior Vice President Steven Sordello sold $5,716,799 worth of company stock. J. Randall MacDonald, Senior Vice President of Human Resources at IBM (NYSE:IBM), sold $4,844,597 worth of company shares.

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
$19,958,390
2
DIR,BO
B
$3,275,190
3
CEO,DIR
B
$1,765,500
4
BO
B
$1,260,660
5
CEO,CB,BO
B
$696,818
6
BO
B
$588,938
7
BO
B
$171,243
8
DIR
B
$117,397
9
CEO,DIR
B
$83,497
10
DIR
B
$71,920

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
BO
S
$49,395,260
2
CB,DIR,BO
JS*
$7,558,562
3
DIR
AS
$6,559,540
4
VP,CFO
AS
$5,716,799
5
VP
S
$4,844,597
6
VP
S
$4,038,750
7
VP
S
$3,522,096
8
CTO
AS
$3,310,000
9
PR,CEO
S
$2,984,788
10
BO
S
$2,814,629

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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