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Insiders Buy Shares at Esterline and Opko; Noodles & Co. Sees a Sale

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Plus, a purchase at Global Partners LP.

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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:
  • Henry Winship, a director at aerospace and defense manufacturing company Esterline Technologies (NYSE:ESL), bought 103,528 shares of company stock for $9,507,702.
  • Phillip Frost, Chairman and CEO of the multinational diagnostics and pharmaceutical company Opko Health (NYSE:OPK) bought 50,000 shares of company stock for $472,196.
  • Global GP LLC, a partner at Global Partners LP (NYSE:GLP), bought 7,500 shares of company stock for $258,825. Global Partners LP specializes in purchasing, storing, transporting, and selling refined petroleum products.
Notable Sale:
  • The Public Sector Pension Investment Board, one of Canada's largest pension investment managers, sold 2,121,689 shares of Noodles & Company (NASDAQ:NDLS) for $80,454,448.
For more insider trades, see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
DIR
B
$9,507,702
2
BO
B
$5,979,328
3
DIR
JB*
$2,800,000
4
DIR,BO
JB*
$1,999,900
5
DIR,BO
B
$543,306
6
CEO,CB,BO
B
$472,196
7
DIR
B
$306,468
8
PT,DIR
B
$258,825
9
DIR
B
$220,909
10
DIR
B
$213,112

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
CEO,DIR
JS*
$156,760,096
2
BO
JS*
$80,454,448
3
DIR
V
S
$8,188,462
4
CB,DIR
AS
$6,220,405
5
BO
JS*
$2,789,043
6
VP
S
$2,298,495
7
CB,CEO,BO
S
$1,983,694
8
CB,CEO,DIR
S
$1,624,657
9
DIR
S
$1,562,169
10
PR
S
$1,367,984

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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