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Stocks: Insiders Buy at Opko Health, Keurig Green Mountain, and RadioShack

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Plus, former Supreme Court justice's son buys shares of Corrections Corp. of America.

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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.

Notable Purchases:
  • Norman Wesley, a director at specialty coffee and coffee-maker company Keurig Green Mountain (NASDAQ:GMCR), bought 11,000 shares of company stock for $1,155,628.
  • Phillip Frost, Chairman and CEO of multinational biopharmaceutical and diagnostics company Opko Health (NYSE:OPK), bought 60,900 shares of company stock for $555,582.
  • Thurgood Marshall, Jr., the son of former Supreme Court Justice Thurgood Marshall and a director at the prison-owning real estate investment trust Corrections Corp. of America (NYSE:CXW), bought 7,200 shares of company stock for $239,256.
  • John Feray, Executive Vice President and CFO of consumer electronics retail company RadioShack (NYSE:RSH), bought 100,000 shares of company stock for $212,482. Feray was appointed to his positions earlier this year, having left his post as Senior Vice President at Dollar General (NYSE:DG).
For more insider trades, see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
B
$125,730,768
2
DIR
B
$1,155,628
3
CEO,CB,BO
B
$555,582
4
CEO,DIR,BO
B
$504,387
5
DIR
B
$241,595
6
DIR
B
$239,256
7
CB,CEO
B
$230,645
8
VP,CFO
B
$212,482
9
O
B
$211,803
10
BO
JB*
$196,921

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
JS*
$1,387,500,032
2
O
JS*
$591,793,920
3
BO
JS*
$587,649,984
4
O
JS*
$465,119,424
5
BO
JS*
$349,088,384
6
BO
JS*
$247,275,008
7
BO
JS*
$25,590,000
8
COO,DIR
AS
$20,312,488
9
BO
S
$12,012,000
10
VCB,PR,DIR
Z
S
$9,343,680

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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