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Insiders Buy Stock at Philip Morris International and Luminex

Plus, there were purchases at Guidance Software and Calix.

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Welcome to our daily roundup of top insider trades. Here's a look at the most significant insider sales and purchases filed with the SEC on Tuesday, August 6, 2013.

Notable Purchases:
  • Graham Mackay, a Director of cigarette and tobaccos products company Philip Morris International (NYSE:PM), bought 123,500 shares of company stock for $11,010,408.
  • Investment firm RGM Capital bought 204,782 shares of provider of digital investigative solutions company Guidance Software (NASDAQ:GUID) for $1,589,661.
  • G. Walter Loewenbaum II, a Director of biological testing technology company Luminex (NASDAQ:LMNX), bought 27,000 shares of company stock for $540,200.
  • Donald Listwin, a Director of broadband communications access systems provider Calix (NYSE:CALX), bought 25,000 shares of company stock for $307,716.
For more insider trades, see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
DIR
B
$11,010,408
2
BO
B
$1,589,661
3
DIR
B
$540,200
4
DIR
B
$449,632
5
DIR
B
$307,716
6
DIR
B
$255,011
7
CB,CEO,DIR
B
$237,000
8
DIR
B
$201,156
9
FO,DIR,BO
JB*
$181,973
10
DIR
B
$147,710

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
DIR,BO
JS*
$400,151,008
2
CB,CEO,BO
AS
$115,767,728
3
F,DIR,BO
AS
$75,013,336
4
DIR,BO
AS
$19,397,026
5
BO
JS*
$18,168,750
6
CB,CEO,PR
AS
$11,392,260
7
CEO,DIR
AS
$8,612,173
8
CB,CEO,DIR
AS
$8,253,500
9
BO
JS*
$6,261,168
10
VP,OO
AS
$4,346,394

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."
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No positions in stocks mentioned.
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