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Stocks: Insiders Buy at Opko Health and Retrophin

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Plus, purchases at Bingo.com and PMC Commercial Trust.

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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:
  • Martin Shkreli, CEO of biotechnology company Retrophin (NASDAQ:RTRX), bought 22,500 shares of company stock for $508,442.
  • Pendinas Ltd. bought 1,250,000 shares of bingo-based entertainment and gaming website Bingo.com (OTCMKTS:BNGOF) for $500,000.
  • Phillip Frost, Chairman and CEO of multinational biopharmaceutical and diagnostics company Opko Health (NYSE:OPK), bought 28,000 shares of company stock for $264,720.
  • CIM Service Provider, a subsidiary of urban real estate and infrastructure investment firm CIM Group, bought 35,200 shares of real estate investment trust PMC Commercial Trust (NASDAQ:PMCT) for $163,439. 
For more insider trades, see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
CEO,DIR,BO
B
$508,442
2
BO
JB*
$500,000
3
CEO,CB,BO
B
$264,720
4
BO
JB*
$250,000
5
BO
AB
$163,439
6
O
B
$137,500
7
DIR,BO
B
$106,425
8
CFO
JB*
$78,320
9
TT
B
$50,084
10
DIR
JB*
$40,000

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
JS*
$204,292,608
2
O
S
$9,817,327
3
CB,CEO
AS
$8,289,670
4
PR
AS
$8,289,670
5
BO
K
AS
$3,267,565
6
CEO,DIR,BO
S
$2,867,500
7
BO
S
$2,500,000
8
DIR,BO
AS
$2,328,083
9
CB,DIR,BO
S
$1,942,279
10
DIR
AS
$1,862,000

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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