business newsInsiders Buy Stock at Gain Capital and Akamai, While Goldman Sachs Sells $709 Million of MRC Global
By
Jonathan Moreland
Mar 15, 2013 11:50 am
Plus, purchases at Tiffany & Co. and Forbes Energy, sales at Hertz, Google, and Whole Foods.
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In a victory for common sense, the trading behavior of company executives, directors, and large shareholders in the stocks of firms they're registered "insiders" at have been proven profitable to monitor by both academic studies and (more importantly) the experience of your fellow professional investors.
Below are lists of the top 10 mainly open-market insider purchases and sales filed at the Securities and Exchange Commission Thursday, March 14, 2013 as ranked by dollar value.
Please note, however, that these are factual lists, 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.
In insider purchases, the Qatar Investment Authority, a Beneficial Owner of jewelry company TIffany & Co. (NYSE:TIF), bought $43,999,808 worth of company stock. At Gain Capital (NYSE:GCAP), an online trading services company that specializes in OTC markets, Beneficial Owner Master Global Assets Ltd. bought $4,223,052 worth of company stock. Holding company Steel Excel (PINK:SXCL), a Beneficial Owner of Forbes Energy (NASDAQ:FES), bought $1,262,037 worth of company stock. F. Thomson Leighton, the CEO of content delivery and cloud infrastructure services company Akamai Technologies (NASDAQ:AKAM), bought $1,042,500 worth of company stock.
In insider sales, Goldman Sachs (NYSE:GS), a Beneficial Owner of holding company MRC Global Inc (NYSE:MRC), sold $709,124,480 worth of company stock. At car and equipment rental business Hertz Global (NYSE:HTZ), Director and Beneficial Owner Bank of America (NYSE:BAC) sold $483,025,408 worth of company stock. Larry Page, the Co-Founder and CEO of Google (NASDAQ:GOOG), sold $17,114,346 of company stock. At natural and organic supermarket company Whole Foods (NYSE:WFM), Co-Founder and CEO John Mackey sold $4,400,450 worth of company stock.
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.
Below are lists of the top 10 mainly open-market insider purchases and sales filed at the Securities and Exchange Commission Thursday, March 14, 2013 as ranked by dollar value.
Please note, however, that these are factual lists, 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.
In insider purchases, the Qatar Investment Authority, a Beneficial Owner of jewelry company TIffany & Co. (NYSE:TIF), bought $43,999,808 worth of company stock. At Gain Capital (NYSE:GCAP), an online trading services company that specializes in OTC markets, Beneficial Owner Master Global Assets Ltd. bought $4,223,052 worth of company stock. Holding company Steel Excel (PINK:SXCL), a Beneficial Owner of Forbes Energy (NASDAQ:FES), bought $1,262,037 worth of company stock. F. Thomson Leighton, the CEO of content delivery and cloud infrastructure services company Akamai Technologies (NASDAQ:AKAM), bought $1,042,500 worth of company stock.
In insider sales, Goldman Sachs (NYSE:GS), a Beneficial Owner of holding company MRC Global Inc (NYSE:MRC), sold $709,124,480 worth of company stock. At car and equipment rental business Hertz Global (NYSE:HTZ), Director and Beneficial Owner Bank of America (NYSE:BAC) sold $483,025,408 worth of company stock. Larry Page, the Co-Founder and CEO of Google (NASDAQ:GOOG), sold $17,114,346 of company stock. At natural and organic supermarket company Whole Foods (NYSE:WFM), Co-Founder and CEO John Mackey sold $4,400,450 worth of company stock.
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.
| #: | Filer Name | Insider Titles | Company Name | Ticker |
Trans Type |
Dollar Value |
|---|---|---|---|---|---|---|
|
1
|
BO
|
B
|
$43,999,808
|
|||
|
2
|
BO
|
B
|
$4,223,052
|
|||
|
3
|
DIR,BO
|
B
|
$2,553,876
|
|||
|
4
|
BO
|
B
|
$1,262,037
|
|||
|
5
|
CEO,DIR
|
B
|
$1,042,500
|
|||
|
6
|
DIR
|
JB*
|
$340,000
|
|||
|
7
|
DIR
|
B
|
$297,925
|
|||
|
8
|
CEO,CB,BO
|
B,JB*
|
$258,313
|
|||
|
9
|
DIR
|
B
|
$229,503
|
|||
|
10
|
BO
|
B
|
$147,647
|
Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes
| #: | Filer Name | Insider Titles | Company Name | Ticker |
Trans Type |
Dollar Value |
|---|---|---|---|---|---|---|
|
1
|
BO
|
JS*
|
$709,124,480
|
|||
|
2
|
DIR,BO
|
JS*
|
$483,025,408
|
|||
|
3
|
BO
|
JS*
|
$276,276,000
|
|||
|
4
|
CEO,DIR,BO
|
AS
|
$17,114,346
|
|||
|
5
|
BO
|
S
|
$15,570,144
|
|||
|
6
|
BO
|
S
|
$13,139,402
|
|||
|
7
|
CB
|
AS
|
$12,068,291
|
|||
|
8
|
DIR
|
S
|
$8,192,435
|
|||
|
9
|
BO
|
AS
|
$5,854,600
|
|||
|
10
|
CEO,DIR
|
S
|
$4,400,450
|
Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes
Editor's note: Jonathan Moreland is the founder of Insider Insights and author of "Profit From Legal Insider Trading."
No positions in stocks mentioned.
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