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Insiders Buy Shares at China Cord Blood and USA Truck; Rite Aid Sees a Major Sale

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Plus, there was a purchase at Accelrys.

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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, October 1, 2013.

Notable Purchases:
  • Kent McCarthy, Founder and CEO of Jayhawk Capital Management, which specializes in Asian equities, bought 1,308,901 shares of Chinese umbilical cord blood storage and stem cell processing company China Cord Blood (NYSE:CO) for $4,498,039.
  • Multiple truckload transportation services company Knight Transportation (NYSE:KNX) bought 137,953 shares of truckload carrier company USA Truck (NASDAQ:USAK) for $1,226,402.
  • Investment firm RGM Capital bought 6,291 shares of scientific informatics company Accelrys (NASDAQ:ACCL) for $61,332.
Notable Sale:
  • The investment fund Green Equity Investors III LP sold 34 million shares of retail drugstore chain Rite Aid (NYSE:RAD) for $152,660,000.
Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
B
$4,498,039
2
BO
B
$1,226,402
3
DIR,BO
B
$1,043,020
4
DIR
JB*
$372,500
5
BO
JB*
$194,530
6
CEO,DIR,BO
JB*
$75,000
7
BO
B
$61,332Gr
8
O
B
$54,913
9
DIR
B
$48,000
10
DIR,BO
B
$45,000

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
O
JS*
$152,660,000
2
DIR
AS
$5,767,500
3
VCB,CEO,BO
S
$3,012,250
4
VP
JS*
$2,676,276
5
CEO,DIR,BO
JS*
$1,961,639
6
BO
S
$1,948,631
7
PR,CEO,DIR
AS
$1,594,175
8
DIR
AS
$1,584,000
9
CB,DIR,BO
S
$1,535,834
10
CEO,DIR
AS
$1,104,521

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.
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