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In Insider Trading, Carl Icahn Buys More Shares of Nuance Communications

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Plus, purchases at Emcore, Crestwood Equity Partners, and Griffon.

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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:
  • Billionaire activist investor Carl Icahn bought 1,376,600 shares of voice and language solutions provider Nuance Communications (NASDAQ:NUAN) for $19,482,112.
  • The employee-owned hedge fund sponsor Becker Drapkin Management bought 106,108 shares of compound semiconductor-based products company Emcore (NASDAQ:EMKR) for $506,570.
  • David Wood, a director at master limited partnership Crestwood Equity Partners (NYSE:CEQP), bought 20,000 shares of company stock for $267,200. Crestwood Equity owns the general partner interest and distribution rights of Crestwood Midstream (NYSE:CMLP).
  • Ronald Kramer, CEO of diversified holding and management company Griffon (NYSE:GFF), bought 20,000 shares of company stock for $257,700.
For more insider trades, see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
B
$19,482,112
2
DIR,BO
B
$555,801
3
BO,DIR
B
$506,570
4
DIR
B
$267,200
5
CEO,DIR
B
$257,700
6
CFO
B
$182,400
7
BO
B
$66,485
8
DIR
B
$50,370
9
CEO,PR,DIR
B
$50,336
10
DIR
B
$49,799

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
JS*
$1,382,884,864
2
BO
JS*
$155,210,000
3
CEO,DIR,BO
AS
$36,027,688
4
BO
S
$22,967,590
5
DIR
S
$19,974,130
6
BO
S
$11,409,386
7
CEO,CB,DIR
S
$10,556,794
8
BO
AS
$7,005,000
9
DIR
S
$4,538,860
10
DIR
S
$1,977,922

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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