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In Insider Trading, Lululemon Athletica Inc. and LyondellBasell Industries NV See Major Sales

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Plus, there were purchases at Signature Group Holdings Inc and Sears Hometown and Outlet Stores 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 Tuesday, June 11, 2013

Notable Purchases:
  • Craig Bouchard, the CEO of business and financial services enterprise Signature Group Holdings Inc (OTCMKTS:SGGH), bought 530,366 shares of company stock for $423,274.
  • Bruce Johnson, the President and CEO of home, hardware, tools, and garden retailer Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS), bought 3,000 shares of company stock for $147,060.
Notable Sales:
  • Apollo Management Holdings L.P., a subsidiary of asset manager Apollo Global Management LLC (NYSE:APO), sold 17,000,000 shares of independent chemical company LyondellBasell Industries NV (NYSE:LYB) for $1,096,499,968.
  • Dennis Wilson, a Director of athletic and yoga apparel company Lululemon Athletica inc. (NASDAQ:LULU), sold 607,545 shares of company stock for $49,515,160.
For more insider trades, see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
JB*
$648,317
2
DIR
JB*
$499,995
3
CEO,DIR
B
$423,274
4
CFO
B
$252,296
5
O
B
$226,051
6
CB,DIR,BO
B
$186,807
7
CEO,PR,DIR
B
$147,060
8
BO
B
$113,394
9
DIR
B
$107,550
10
DIR
B
$106,221

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
JS*
$1,096,499,968
2
DIR,BO
AS
$49,515,160
3
BO
JS*
$49,168,472
4
CEO,DIR,BO
AS
$36,859,172
5
BO
AS
$7,055,835
6
DIR
S
$5,494,396
7
CB,CEO,DIR
S
$3,375,633
8
O
S
$2,620,856
9
PR,CEO,DIR
AS
$2,102,794
10
O
V
AS
$1,721,810

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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