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Stocks: Insiders Buy at Symantec, Whole Foods, and Magellan Health Services

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Plus, billionaire investor Ron Perelman increases his stake in Scientific Games.

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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:
  • Billionaire dealmaker Ronald Perelman, a director of global gaming and lottery solutions company Scientific Games (NASDAQ:SGMS), added to his stake in the company, buying 700,000 shares for $6,762,804.
  • Robert LeBlanc, a director at specialty managed health-care company Magellan Health Services (NASDAQ:MGLN), bought 10,000 shares of company stock for $556,000.
  • William Tindell, a director at natural and organic foods retailer Whole Foods Market (NASDAQ:WFM), bought 13,256 shares of company stock for $522,432.
  • Michael Brown, the interim president and CEO of security, backup, and availability solutions company Symantec (NASDAQ:SYMC), bought 20,000 shares of company stock for $422,784.
For more insider trades, see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
DIR
JB*
$11,000,003
2
DIR,BO
B
$6,762,804
3
BO
B,JB*
$3,500,000
4
BO
JB*
$2,500,000
5
O
B
$2,343,060
6
CEO,DIR
JB*
$2,300,000
7
O
B
$1,251,433
8
DIR
B
$556,000
9
DIR
B
$522,432
10
DIR
B
$422,784

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
CB,DIR
S
$30,330,507
2
CEO,DIR
S
$26,321,174
3
CEO,DIR,BO
AS
$17,764,274
4
DIR
S
$15,328,514
5
BO
JS*
$14,875,000
6
BO
JS*
$8,818,500
7
BO
JS*
$8,187,290
8
DIR
AS
$7,204,605
9
DIR
S
$6,887,101
10
DIR
AS
$4,481,305

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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