Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

In Insider Trading, EMC Buys VMware, Honeywell CEO Sells Stock, and Three Major Sales at Five Below

By

Plus, a purchase of Bally Technologies and sales of Microsoft and Google.

PrintPRINT
In a victory for common sense, the trading behavior of company executives, directors, and large shareholders in the stocks of firms they're registered "insiders" at have been proven profitable to monitor by both academic studies and (more importantly) the experience of your fellow professional investors.

Below are lists of the top 10 mainly open-market insider purchases and sales filed at the Securities and Exchange Commission Wednesday, February 6, 2013 as ranked by dollar value.

Please note, however, that these are factual lists, 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.

In insider purchases, the data storage products and services corporation EMC (NYSE:EMC) bought $32,403,402 worth of stock in cloud infrastructure and virtualization company VMware (NYSE:VMW). Michael Solomon, Founder and CEO of Christian social community and entertainment company Truli Media (PINK:TRLI), bought $1.2 million worth of company stock. Ramesh Srinivasan, President and CEO of slot machine and gaming technology manufacturer Bally Technologies (NYSE:BYI), bought $1,186,905 worth of company stock.

In insider sales, the global private equity firm Advent International sold $319,451,904 worth of stock in specialty value retailer Five Below (NASDAQ:FIVE). Additionally, Director Howard Ross sold $49,064,960 worth of company stock, and Chairman David Schlessinger sold $29,020,168 worth of company stock. Bill Gates sold $82,914,600 worth of Microsoft (NASDAQ:MSFT) and a founder of another tech giant, Sergey Brin, sold $63,952,688 worth of Google (NASDAQ:GOOG). At diversified technology and manufacturing company Honeywell International (NYSE:HON), President and CEO Roger Fradin sold $29,020,168 worth of company stock.

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.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
B
$32,403,402
2
CEO,DIR,BO
JB*
$1,200,000
3
PR,CEO,DIR
B
$1,186,905
4
DIR
JB*
$1,000,000
5
DIR
B
$551,920
6
DIR
JB*
$499,991
7
BO
JB*
$375,547
8
BO
B
$253,797
9
DIR
B
$233,690
10
CFO,SEC,DIR
B
$194,381

Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
O
JS*
$319,451,904
2
DIR
AS
$82,914,600
3
F,DIR,BO
AS
$63,952,688
4
DIR
JS*
$49,064,960
5
CB,DIR
JS*
$29,020,168
6
PR,CEO
AS
$3,500,000
7
CB,DIR
AS
$1,275,128
8
CEO,DIR
S
$1,143,718
9
DIR
S
$1,112,305
10
PR
S
$883,214

Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes

Editor's note: Jonathan Moreland is the founder of Insider Insights and author of "Profit From Legal Insider Trading."

No positions in stocks mentioned.
PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE