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In Insider Trading: Restoration Hardware Sees Major Sale; Director Buys Charles Schwab Stock

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Plus, purchases at Relm Wireless and Terreno Realty.

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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 Thursday, July 18, 2013.

Notables Purchases:
  • Stephen Ellis, a Director of savings and loan holding company Charles Schwab (NYSE:SCHW), bought 11,665 shares of company stock for $250,162.
  • Ryan Levenson, a Beneficial Owner of two-way communications equipment company Relm Wireless (NYSEMKT:RWC), bought 64,657 shares of company stock for $199,233.
  • At industrial real estate company Terreno Realty (NYSE:TRNO), Director Douglas Pasquale bought 5,350 shares of company stock for $97,638 while Director Peter Merlone bought 5,000 for $91,250.
Notable Sale:
  • Home Holdings LLC sold 7,220,445 shares of home furnishings merchant Restoration Hardware (NYSE:RH) for $489,636,416, reducing its total stake in the company to 9,978,171 shares.
For more insider trades, see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
DIR
B
$250,162
2
BO
B
$199,233
3
CEO,DIR
B
$143,500
4
O
B
$104,010
5
DIR
JB*
$97,638
6
DIR
JB*
$91,250
7
O
B
$44,120
8
DIR
B
$38,975
9
CFO
B
$35,906
10
BO
JB*
$29,400

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
JS*
$489,636,416
2
O
S
$5,614,643
3
CB,CEO,DIR
AS
$3,956,718
4
BO
S
$3,564,155
5
CEO,PR,CB
AS
$3,115,266
6
DIR
AS
$1,645,946
7
CEO,CB,DIR
AS
$1,627,700
8
DIR
AS
$1,452,298
9
BO
AS
$1,284,922
10
BO
AS
$1,138,538

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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