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Insiders Buy Stock of Vector Group Ltd and Cognizant Technology Solutions Corp; AMC Networks Inc Sees a Sale

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Plus, a purchase at Middleburg Financial Corp.

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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, June 18, 2013.

Notable Purchases:
  • Bennett Lebow, a Director of tobacco and real estate holding company Vector Group Ltd (NYSE:VGR), bought 300,000 shares of company stock for $4,788,000.
  • John Klein, the Chairman of custom information technology and consulting company Cognizant Technology Solutions Corp (NASDAQ:CTSH), bought 7,500 shares of company stock for $470,828.
  • David Sokol, a former Chairman of NetJets Inc. and MidAmerican Energy Holdings Company, bought 8,155 shares of bank holding company Middleburg Financial Corp (NASDAQ:MBRG) for $149,179.
Notable Sales:
  • Patrick Dolan, a Director of cable television company AMC Networks Inc (NSDAQ:AMCX), sold 300,000 shares of company stock for $18,750,000.
For more insider trades, see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
DIR
B
$4,788,000
2
CEO,PR,DIR
JB*
$500,000
3
CB,DIR
B
$470,828
4
DIR
B
$385,043
5
DIR
B
$149,986
6
BO
B
$149,179
7
CEO,CB,BO
B
$118,285
8
VP,CFO
B
$104,373
9
DIR
B
$102,881
10
CEO,DIR
B
$102,815

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,DIR
JS*
$18,750,000
2
BO
JS*
$12,912,092
3
BO
K
AS
$3,783,827
4
CEO,DIR
AS
$3,713,830
5
CB,CEO,BO
S
$2,821,828
6
O
S
$1,931,012
7
PR,COO,DIR
JS*
$1,585,390
8
CB,PR,CEO
S
$1,540,200
9
DIR
S
$1,522,263
10
CEO,DIR
JS*
$1,046,357

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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