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Insider Trades: Hedge Fund Billionaire Marc Lasry Increases Stake in YRC Worldwide Inc

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Plus, purchases from Larry Feinberg at Hansen Medical, and the CEO of McDermott International.

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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 Thursday, August 8, 2013.

Notable Purchases:
  • Larry Feinberg, a Beneficial Owner of medical robotics company Hansen Medical (NASDAQ:HNSN), bought 8,101,810 shares of company stock for $9,965,226.
  • The American billionaire hedge fund manager Marc Lasry, CEO of Avenue Capital Group, bought 175,000 shares of transportation services company YRC Worldwide (NASDAQ:YRCW) for $4,060,350.
  • Stephen Johnson, the Chairman, President, and CEO of McDermott International (NYSE:MDR), which designs and builds offshore oil and gas projects worldwide, bought 74,180 shares of company stock for $499,973.
Notable Sales:
  • Marcos Galperin, the President and CEO of the Argentina-based e-commerce company MercadoLibre (NASDAQ:MELI), sold 293,338 shares of company stock for $36,669,188.
For more insider trades, see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
S
B
$26,714,858
2
BO
JB*
$25,000,000
3
BO
JB*
$9,965,226
4
BO
B
$4,060,350
5
BO
B
$2,973,971
6
DIR
JB*
$750,000
7
CB,PR,CEO
B
$499,973
8
VP,COO
B
$195,875
9
FO,DIR,BO
JB*
$189,468
10
DIR
B
$145,830

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
JS*
$1,692,749,952
2
PR,CEO,DIR
S
$36,669,188
3
BO
JS*
$31,140,400
4
BO
S,JS*
$23,280,000
5
BO
S
$6,627,043
6
DIR
S
$5,620,535
7
DIR
S
$5,147,670
8
VP,CFO
S
$4,026,004
9
DIR
S
$3,654,536
10
CB,DIR
S
$3,493,200

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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