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Three Insiders Sell Stock at Trulia, Plus Calamos CEO Increases Stake in Calamos

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Elsewhere, insiders made purchases at Vistaprint and First Financial, and there were sales at Google and Westinghouse Air.

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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 Tuesday, February 26, 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 purchases, Henri Termeer, a Director of circulatory health devices manufacturer ABIOMED (NASDAQ:ABMD), bought $1,497,794 worth of company stock. John Calamos, Founder, Chairman, and CEO of Calamos Asset Management (NASDAQ:CLMS), bought $1,467,287 worth of company stock. At Vistaprint (NASDAQ:VPRT), which provides a wide spectrum of marketing products and services to businesses worldwide, beneficiary owner Thomas Smith bought $1,323,000 worth of company stock. Scott Dueser, Chairman, President, and CEO of First Financial Bankshares (NASDAQ:FFIN), bought $263,972 worth of company stock.

In sales, Executive Chairman of Google (NASDAQ:GOOG) Eric Schmidt sold $74,477,482 worth of company stock. There were three sales at online real estate company Trulia (NYSE:TRLA), with investment counselor Fayez Sarofim & Co., a beneficiary owner, selling $5,886,936 worth of company stock, Director and beneficiary owner Accel IX selling $4,659,650 worth of company stock, and Director Sami Inkinen selling $3,869,082 worth of company stock. Tunon Garcia, Vice President and CFO of Westinghouse Air (NYSE:WAB), which provides products and services for freight rail and passenger transit, sold $2,924,700 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.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
DIR
B
$1,497,794
2
CB,CEO,BO
B
$1,467,287
3
BO
B
$1,323,000
4
BO
B
$875,835
5
BO
B
$577,555
6
DIR
JB*
$530,000
7
DIR
B
$500,369
8
BO
B
$400,000
9
CB,PR,CEO
B
$263,972
10
BO
B
$252,989

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
$74,477,482
2
BO
S
$12,888,551
3
BO
JS*
$7,559,434
4
BO
S
$5,886,936
5
DIR,BO
AS
$4,659,650
6
DIR
AS
$3,869,082
7
DIR
AS
$3,354,637
8
VP,CFO,SEC
S
$2,924,700
9
PR,DIR
AS
$2,838,835
10
VP
S
$1,993,158

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."

Editor's Note: Today at 4:30 p.m. ET, Minyanville is hosting a free webinar with Buzz & Banter contributor Peter Prudden, who will give attendees an in-depth look at his macroeconomic outlook and trading style. To sign up for this free event, click here and hit the register button on the upper-left side of the screen.

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No positions in stocks mentioned.
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