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Insiders Buy Shares at Opko Health; Cumulus Media Sees a Sale

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Plus, a buy at Clough Global Opportunities Fund and a sale at Rex American.

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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:
  • Phillip Frost, MD, CEO of multinational pharmaceutical and diagnostics company Opko Health (NYSE:OPK), bought 19,400 shares of company stock for $171.641.
  • James E. Canty, a founding partner of Clough Capital Partners, bought 5,270 shares of Clough Global Opportunities Fund (NYSE:MKTGLO) stock for $69,280.
Notable Sales:
  • BACapital bought 300,000 shares of Cumulus Media (NASDAQ:CMLS), an owner and operater of commercial radio station clusters throughout the US, for $2,290,000.
  • Stuart A. Rose, CEO of holding companty Rex American (NYSE:REX), bought 35,000 shares of company stock for $1,598,562.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
CEO,CB,BO
B
$171,641
2
TT
B
$69,280
3
DIR
B
$52,539
4
VP
JB*
$41,700
5
DIR
B
$22,500
6
DIR
B
$16,606
7
CEO,DIR
B
$11,537
8
CB,DIR,BO
B
$7,770
9
BO
B
$7,770
10
DIR
B
$4,976

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
CB,DIR
AS
$51,479,988
2
DIR
S
$2,290,000
3
VP
AS
$1,835,800
4
CEO,DIR,BO
S
$1,598,562
5
CB,DIR
JS*
$1,514,624
6
CB,CEO,DIR
S
$1,264,500
7
DIR
AS
$819,332
8
CEO,PR,DIR
AS
$703,873
9
PR
AS
$700,000
10
CEO,DIR
AS
$687,143

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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