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Insiders Buy at Opko Health Inc. and Accelerate Diagnostics Inc

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Plus, there were sales at Air Lease Corp and Graphic Packaging Holding Company.

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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 Friday, June 7, 2013.

Notable Purchaes:
  • Phillip Frost, the Chairman and CEO of the multinational pharmaceutical and diagnostics company Opko Health Inc. (NYSE:OPK), bought 250,000 shares of company stock for $1,595,960, increasing his total stake in the company to 126,382,048 shares, worth about $827 million.
  • Larry Feinberg bought 45,508 shares of infectious pathogen identification and testing company Accelerate Diagnostics Inc (NASDAQ:AXDX) for $379,151.
Notable Sales:
  • At aircraft leasing company Air Lease Corp (NYSE:AL), shareholders Ares Management LLC and Green Equity Investors V LP both sold 3,062,787 shares of company stock, the former for $81,929,552 and the latter for $81,378,248.
  • The Grover C. Coors Trust sold 2,896,393 shares of packaging solutions company Graphic Packaging Holding Company (NYSE:GPK) for $22,389,118.
For more insider trades, please see the chart below:

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
JB*
$6,000,000
2
CEO,CB,BO
B
$1,595,960
3
O
B
$491,260
4
BO
B
$387,226
5
BO
B
$379,151
6
PR,CEO,DIR
B
$348,001
7
DIR
B
$291,356
8
BO
JB*
$250,000
9
VP,PR
B
$216,450
10
DIR,BO
B
$179,024

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
JS*
$81,929,552
2
DIR
JS*
$81,378,248
3
BO
JS*
$22,389,118
4
VP,OO
AS
$2,916,359
5
DIR
AS
$1,915,958
6
VP
AS
$1,884,500
7
CEO,DIR,BO
S
$1,629,144
8
O
S
$1,548,683
9
CEO,PR,DIR
S
$1,531,398
10
O
S
$1,297,775

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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