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In Insider Trading, Icahn Boosts Stake in Nuance, and Frost Buys More Shares of Opko

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Plus, insider purchases at Tetralogic Pharmaceuticals and Aircastle.

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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 global biotechnology pioneer Amgen (NASDAQ:AMGN) bought 272,142 shares of clinical-stage biopharmaceutical company Tetralogic Pharmaceuticals (NASDAQ:TLOG) for $1,904,994.
  • Billionaire Investor Carl Icahn bought 50,900 shares of voice and language solutions provider Nuance Communications (NASDAQ:NUAN) for $722,780.
  • The Japanese trade company Marubeni (OTCMKTS:MARUF) bought 30,000 shares of high-utility commercial jet aircraft company Aircastle (NYSE:AYR) for $553,491.
  • Phillip Frost, Chairman and CEO of Opko Health (NYSE:OPK), bought 56,800 shares of company stock for $480,575.
For more insider trades, see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
JB*
$1,904,994
2
DIR,BO
JB*
$1,472,415
3
BO
B
$722,780
4
DIR,BO
B
$553,491
5
DIR
B
$495,248
6
CEO,CB,BO
B
$480,575
7
DIR
JB*
$400,000
8
BO
B
$281,268
9
DIR
JB*
$261,150
10
DIR
JB*
$249,984

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
JS*
$864,566,016
2
BO
JS*
$159,750,000
3
BO
JS*
$159,750,000
4
DIR,BO
JS*
$39,155,732
5
BO
S
$25,953,780
6
DIR,BO
AS
$18,767,736
7
CEO,DIR
AS
$8,332,935
8
CEO,DIR
JS*
$5,341,875
9
CEO,DIR
S
$4,728,619
10
DIR,BO
AS
$2,278,144

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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