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In Insider Trading, Carl Icahn Doubles His Stake in Dell Inc. With a Major Purchase

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Plus, there were purchases at US Concrete Inc, Synta Pharmaceuticals Corp., and MVC Capital, Inc.

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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 Thursday, June 20, 2013.

Notable Purchases:
  • The billionaire investor Carl Icahn bought 72,010,328 shares of Dell Inc. (NASDAQ:DELL) for $973,579,648, increasing his total stake to 152,478,656 shares, worth $2.04 billion at the stock's current price of $13.36.
  • The employee-owned investment manager Whippoorwill Associates Inc bought 71,144 shares of US Concrete Inc (NASDAQ:USCR) for $1,113,406.
  • Bruce Kovner, a Director of Synta Pharmaceuticals Corp. (NASDAQ:SNTA), bought 200,000 shares of company stock for $799,160.
  • Phillip Goldstein, a Director of non-diversified, closed-end management investment company MVC Capital, Inc. (NYSE:MVC), bought 37,671 shares of company stock for $479,175.
For more insider trades, see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
B
$973,579,648
2
BO
B
$1,113,406
3
DIR,BO
B
$799,160
4
DIR
B
$479,175
5
DIR,BO
JB*
$412,500
6
DIR,BO
JB*
$412,500
7
CEO,DIR,BO
JB*
$327,000
8
BO
B
$322,420
9
CFO,SEC,DIR
B
$244,350
10
DIR,BO
JB*
$232,200

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
JS*
$601,427,072
2
BO
JS*
$114,724,858
3
BO
S
$13,627,191
4
BO
S
$6,296,355
5
DIR
AS
$4,225,265
6
DIR
S
$2,995,330
7
CEO,DIR,BO
AS
$1,928,752
8
CEO,CB,DIR
AS
$1,745,050
9
BO
S
$1,297,489
10
BO
S
$937,942

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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