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In Insider Trading, Mark Zuckerberg Dumps Nearly $2.3 Billion in Facebook Stock

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Insiders buy shares of Tenet Healthcare, Nuveen Diversified Commodity Fund, and Gulfmark Offshore.

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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:
  • Glenview Capital bought 248,910 shares of investor-owned health care services company Tenet Healthcare (NYSE:THC) for $9,904,477.
  • William Adams IV, Vice President of Nuveen Diversified Commodity Fund (NYSEMKT:CFD), an actively-managed, exchange-traded commodity pool, bought 18,500 shares of company stock for $281,909.
  • Steven Kohlhagen, a director at offshore marine services provider Gulfmark Offshore (NYSE:GLF), bought 2,200 shares of company stock for $101,002.
Notable Sales:
  • Social networking website Facebook (NASDAQ:FB) saw two sales. CEO Mark Zuckerberg sold 41,350,000 shares of company stock for $2,276,317,440. Marc Andreessen, a director at Facebook, sold 1,645,239 shares of company stock for $90,570,408.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
B
$9,904,477
2
DIR,BO
JB*
$1,112,500
3
VP
B
$281,909
4
DIR
JB*
$190,180
5
CEO,CB,BO
B
$117,251
6
DIR
B
$101,002
7
CFO
B
$60,277
8
O
JB*
$50,400
9
CEO,DIR,BO
JB*
$39,879
10
TT
B
$25,392

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
CB,CEO,BO
JS*
$2,276,317,440
2
DIR
JS*
$90,570,408
3
BO
JS*
$65,654,596
4
CB,CEO,PR
S
$13,143,000
5
CEO,DIR,BO
S
$7,233,627
6
BO
JS*
$6,330,669
7
CEO,TO
AS
$2,702,324
8
DIR,BO
AS
$2,377,957
9
PR,CEO
AS
$2,250,000
10
DIR,BO
S
$2,188,460

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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