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Stocks: Insiders Buy at Chesapeake Energy, Equinix, and Prospect Capital

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Plus, a purchase at S&W Seed Company.

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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.
  • The privately owned hedge fund sponsor Spo Advisory bought 325,000 shares of data center services company Equinix (NASDAQ:EQIX) for $58,561,296.
  • Archie Dunham, a director at natural gas and oil exploration and production company Chesapeake Energy (NYSE:CHK), bought 54,250 shares of company stock for $1,354,655.
  • John Barry, CEO of financial services company Prospect Capital (NASDAQ:PSEC), bought 100,000 shares of company stock for $1,086,000.
  • Grover Wickersham, Chairman at S&W Seed Company (NASDAQ:SANW), bought 150,000 shares of company stock for $1,030,500.
For more insider purchases, see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
B
$58,561,296
2
BO
B
$22,229,162
3
DIR
AB
$13,173,027
4
BO
JB*
$7,200,000
5
DIR
B
$1,354,655
6
CEO,DIR
B
$1,086,000
7
DIR
JB*
$1,030,500
8
CEO,CB,BO
B
$336,984
9
DIR
B
$315,600
10
CEO,DIR,BO
JB*
$212,000

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
S
$36,074,500
2
BO
S
$21,823,274
3
BO
S
$15,486,800
4
BO
S
$14,850,000
5
CB,CEO
S
$10,603,200
6
DIR
AS
$3,057,677
7
PR
S
$2,624,028
8
BO
S
$2,199,408
9
DIR
S
$2,028,834
10
VP
S
$2,022,771

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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