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, Elon Musk and Bill Gross Make Big Buys

By

Plus, a purchase at EV Energy Partners.

PrintPRINT
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:
  • Elon Musk, the billionaire inventor, entrepreneur, and founder of solar energy systems company SolarCity (NASDAQ:SCTY), bought 214,869 shares of company stock for $10,000,003, while CEO Lyndon Rive bought 107,434 shares for $4,999,979.
  • John Walker, the chairman of oil and natural gas development and production company EV Energy Partners (NASDAQ:EVEP), bought 135,000 shares of company stock for $4,976,100.
  • Bill Gross, co-founder of Pimco, bought 100,000 shares of the non-diversified, closed-end management investment company Pimco Dynamic Income Fund (NYSE:PDI) for $2,930,890. He also purchased 100,000 shares of management investment company Pimco Dynamic Credit Income Fund (NYSE:PCI) for $2,241,520.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
DIR
JB*
$10,000,003
2
CEO,DIR
JB*
$4,999,979
3
O
JB*
$4,999,979
4
CB,DIR
B
$4,976,100
5
O
B
$2,930,890
6
O
B
$2,241,520
7
VP
JB*
$1,020,000
8
DIR,BO
B
$557,970
9
PR,CEO,DIR
B
$552,900
10
O
B
$513,224

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
BO
JS*
$1,505,181,056
2
DIR
S
$183,269,104
3
CB,PR,CEO
AS
$17,502,304
4
DIR
AS
$9,240,544
5
BO
K
AS
$7,733,896
6
VP,DIR
AS
$6,588,029
7
BO
S
$6,303,456
8
DIR,BO
S
$4,435,359
9
DIR
AS
$3,100,669
10
DIR,BO
S
$2,217,632

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."
< Previous
  • 1
Next >
No positions in stocks mentioned.
PrintPRINT

Busy? Subscribe to our free newsletter!

Submit
 

WHAT'S POPULAR IN THE VILLE