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Four Insiders Sell Shares of RetailMeNot

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Plus, purchases at Glenview Capital, Kinder Morgan, 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 purchases recently filed with the SEC.

Notable Purchases:
  • The employee-owned hedge fund sponsor Glenview Capital bought 1,000,000 shares of the investor-owned health care services company Tenet Healthcare (NYSE:THC) for $40,121,676.
  • Richard Kinder, the Chairman and CEO of energy transportation and storage company Kinder Morgan (NYSE:KMI), bought 828,324 shares of company stock for $27,640,638.
  • At multinational specialty property and casualty insurer Amtrust Financial Services (NASDAQ:AFSI), beneficial owner Leah Karfunkel bought 500,000 shares of company stock for $15,125,000, while director George Karfunkel bought 300,000 shares for $8,696,010.
Notable Sales:
  • RetailMeNot (NASDAQ:SALE) saw four insider sales: AV Partners IX sold 3,413,492 shares of company stock for $88,750,792; director Charles Thomas Ball sold 1,706,746 shares for $44,375,396; director Jules A. Maltz sold 250,000 shares for $6,500,000; and President, Chairman, and CEO G. Cotter Cunningham sold 190,694 shares for $4,958,044.
Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
B
$40,121,676
2
CB,CEO,BO
B
$27,640,638
3
BO
B
$15,125,000
4
BO
JB*
$9,975,441
5
DIR,BO
B
$8,696,010
6
DIR
B
$5,002,686
7
DIR
JB*
$3,116,253
8
BO
B,JB*
$2,500,000
9
O
B
$2,318,400
10
CEO,DIR
JB*
$1,999,998

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
JS*
$88,750,792
2
DIR,BO
JS*
$44,375,396
3
BO
S
$17,782,804
4
BO
S
$15,685,943
5
CEO,DIR,BO
S
$9,924,154
6
MD,DIR,BO
AS
$8,514,480
7
DIR
S
$7,151,635
8
DIR
S
$6,500,000
9
BO
S
$6,302,953
10
PR,CEO,CB
S
$4,958,044

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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