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In Insider Trading, Valeant Pharmaceuticals See a Major Purchase While HomeAway, Inc. Sees a Sale

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Plus, there were purchases at Tri-Continental Corporation and Dollar Tree, 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 Friday, June 21, 2013.

Notable Purchases:
  • Mason Morfit, a Director of multinational, specialty pharmaceutical company Valeant Pharmaceuticals Intl Inc (NYSE:VRX), bought 1,352,941 shares of company stock for $114,999,984.
  • David King, a Portfolio Manager for the diversified, close-ended management investment company Tri-Continental Corporation (NYSE:TY), bought 30,000 shares of company stock for $532,380.
  • Conrad Hall, a Director of discount variety store company Dollar Tree, Inc. (NASDAQ:DLTR), bought 3,000 shares of company stock for $147,439.
Notable Sale:
  • The foreign limited partnership Av Partners VII sold 271,608 shares of online vacation rental marketplace company HomeAway, Inc. (NASDAQ:AWAY) for $8,192,973.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
DIR
JB*
$114,999,984
2
CB,DIR,BO
B
$1,999,802
3
O
B
$532,380
4
DIR
B
$200,049
5
DIR
B
$147,439
6
BO
B
$123,201
7
PR,CEO,DIR
B
$122,000
8
DIR
B
$86,391
9
DIR
B
$76,231
10
CB,CEO,DIR
B
$75,900

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
S
$8,192,973
2
CEO,PR,DIR
AS
$5,449,880
3
BO
S
$2,440,085
4
PR,CEO
S
$2,254,546
5
CEO,DIR
AS
$1,766,831
6
BO
S
$1,750,833
7
VP
S
$1,392,050
8
PR,COO
AS
$1,101,200
9
DIR
AS
$1,058,726
10
DIR
AS
$732,903

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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