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In Insider Trading, a Purchase at Abercrombie & Fitch Co. and a Sale at Las Vegas Sands Corp.

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Plus, there were purchases at Synta Pharmaceuticals Corp. and Ladenburg Thalmann Financial Services.

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Welcome to our daily roundup of top insider trades. Here's a look at the most significant inside sales and purchases filed with the SEC on Monday, July 1, 2013.

Notable Purchases:
  • Bruce Kovner, a Director of biopharmaceutical company Synta Pharmaceuticals Corp. (NASDAQ:SNTA), bought 150,000 shares of company stock for $706,515.
  • Saul Gilinski, a Director of Ladenburg Thalmann Financial Services (NYSEMKT:LTS), bought 20,000 shares of company stock for $500,600.
  • Craig Stapleton, a Director of Abercrombie & Fitch Co. (NYSE:ANF), bought 10,000 shares of company stock for $440,150.
Notable Sale:
  • Kenneth Kay, the CFO and Executive Vice President of Las Vegas Sands Corp. (NYSE:LVS), sold 147,000 shares of company stock for $7,685,601.
Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
JB*
$7,500,000
2
BO
JB*
$4,161,000
3
BO
JB*
$3,333,666
4
DIR
JB*
$2,997,500
5
DIR,BO
B
$706,515
6
DIR
JB*
$500,600
7
BO
B
$441,110
8
DIR
B
$440,150
9
VP
B
$256,800
10
PR,CEO,DIR
B
$159,833

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
JS*
$66,105,000
2
VP,CFO
S
$7,685,601
3
BO
AS
$7,441,979
4
VCB,CFO
AS
$5,978,905
5
DIR
S
$4,891,054
6
DIR
S
$4,301,255
7
DIR
AS
$4,232,500
8
DIR
JS*
$3,728,876
9
DIR
AS
$2,243,036
10
PR,CEO,DIR
AS
$1,499,132

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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