Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Insider Buys Stock at Anacor Pharmaceuticals Inc While Primoris Services Corp Sees Sale

By

Plus, there was a buy at Alliancebernstein Income Fund Inc. and a sale at Genesis Energy, L.P.

PrintPRINT
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 Wednesday, June 19, 2013.

Notable purchases:
  • Paul J. Denoon, Vice President at Alliancebernstein Income Fund Inc. (NYSE:ACG), a diversified, closed-end management investment company, bought 30,000 shares of company stock for a total value of $228,426.
  • Geoffrey M. Parker, Chief Financial Officer & Senior Vice President at Anacor Pharmaceuticals Inc (NASDAQ:ANAC), a biopharmaceutical company focused on discovering, developing, and commercializing small-molecule therapeutics, bought 23,046 shares of company stock for a total value of $119,948.
Notable sales:
  • James Davison, Director of Genesis Energy, L.P. (NYSE:GEL), a limited partnership focused on the midstream segment of the oil and gas industry in the Gulf Coast region of the US, bought 265,000 shares of company stock for a total value of $13,676,650.
  • Brian Pratt, Chairman, President & Chief Executive Officer at Primoris Services Corp (NASDAQ:PRIM), a holding company that provides a range of construction, fabrication, maintenance, and other services to public utilities, petrochemical companies, and other customers, bought 824,400 shares of company stock for a total value of $16,637,134.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
DIR,BO
JB*,B
$1,003,700
2
CEO,DIR
AB
$1,000,107
3
BO
JB*
$500,000
4
BO
B
$261,788
5
VP
B
$228,426
6
VP,CFO
B
$119,948
7
CB,CEO,BO
B
$112,107
8
BO
B
$104,100
9
DIR,BO
B
$104,100
10
DIR
B,JB*
$78,332

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
BO
S
$84,334,832
2
CB,CEO,BO
S
$16,637,134
3
CB,DIR,BO
JS*
$15,886,688
4
DIR,BO
AS
$14,952,431
5
DIR
JS*
$13,676,650
6
CEO,DIR
AS
$6,638,690
7
CEO,DIR
AS
$5,118,196
8
DIR
JS*
$4,331,558
9
DIR
AS
$2,829,601
10
VP,CFO
AS
$2,325,486

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."
No positions in stocks mentioned.
PrintPRINT

Busy? Subscribe to our free newsletter!

Submit
 

WHAT'S POPULAR IN THE VILLE