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Insider Stock Trading: Phillip Frost Continues to Increase Stake in Opko Health; JPMorgan Sees Four Sales

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Plus, purchases at Ameresco and Ruby Tuesday.

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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:
  • Phillip Frost, Chairman and CEO of multinational biopharmaceutical and diagnostics company Opko Health (NYSE:OPK), bought 129,800 shares of company stock for $1,043,618.
  • George Sakellaris, CEO of energy efficiency solutions provider Ameresco (NYSE:AMRC), bought 73,689 shares of company stock for $515,823.
  • Donald Hess, director at casual dining restaurants company Ruby Tuesday (NYSE:RT), bought 50,000 shares of company stock for $342,450.
Notable Sales:
  • Daniel Pinto, CEO of Corporate & Investment Bank at JPMorgran Chase (NYSE:JPM), sold 98,910 shares of company stock for $5,431,673. Meanwhile, COO and Head of Mortgage Banking Capital Markets Matthew Zames sold 97,581 shares for $5,357,968. CEO of Consumer & Community Banking at JPMorgan Gordon Smith sold 71,952 shares for $3,950,798, and CEO of JPMorgan Asset Management Mary Erdoes sold 60,000 shares for $3,293,220.
For more insider trades, see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
B
$12,345,230
2
BO
JB*
$5,792,192
3
BO
JB*
$4,800,000
4
CEO,CB,BO
B
$1,043,618
5
DIR,BO
B
$528,718
6
CEO,DIR,BO
AB
$515,823
7
CEO,DIR
JB*
$502,150
8
DIR
JB*
$500,000
9
O
B
$421,040
10
DIR
B
$342,450

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
DIR,BO
AS
$10,625,997
2
MD
AS
$5,431,673
3
COO
AS
$5,357,968
4
CEO,DIR
AS
$4,380,140
5
DIR
AS
$4,166,714
6
VP
AS
$3,950,798
7
CEO,DIR,BO
S
$3,643,741
8
VP
S
$3,485,172
9
MD
AS
$3,293,220
10
CEO,DIR,BO
AS
$3,160,995

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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