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Insiders at 21st Century Fox and Intrexon Buy Stock While KAR Auction Sees Three Major Sales

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Plus, there was a purchase at Accelerate Diagnostics.

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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 Thursday, August 15, 2013.

Notable Purchases:
  • Randal Kirk, the CEO of synthetic biology company Intrexon (NYSE:XON) bought 1,887,500 shares of company stock for $30,200,000. Jeffrey Kindler, a director of the company, bought 33,000 shares for $528,000 while another director, Robert Shapiro, bought 30,000 shares for $480,000. The company announced the closing of its IPO on August 13.
  • Jack Schuler, a Director of Accelerate Diagnostics (NASDAQ:AXDX), bought 413,090 shares of company stock for $3,321,244. The company specializes in the rapid identification and antibiotic susceptibility testing of infectious pathogens.
  • Robert Silberman, a Director of 21st Century Fox (NASDAQ:FOX), bought 11,000 shares of company stock for $357,830.
Notable Sales:
  • At vehicle auction services company KAR Auction Services (NYSE:KAR), Kar Holdings II LLC sold 17,250,000 shares of company stock for $418,312,512, Goldman Sachs (NYSE:GS) sold 4,371,975 shares for $106,020,392, and Valueact Holdings LP sold 3,643,312 shares for $88,350,320.
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
JB*
$30,200,000
2
DIR,BO
JB*
$3,321,244
3
DIR,BO
B
$997,068
4
DIR
B
$759,900
5
DIR
JB*
$528,000
6
DIR
B
$496,950
7
DIR
JB*
$480,000
8
DIR
B
$357,830
9
BO
B
$307,821
10
DIR
B
$248,735

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
JS*
$418,312,512
2
BO
JS*
$128,478,000
3
BO
JS*
$106,020,392
4
BO
JS*
$88,350,320
5
BO
JS*
$72,324,408
6
DIR,BO
JS*
$46,257,588
7
DIR,BO
JS*
$37,605,288
8
DIR
S
$34,848,604
9
BO
JS*
$26,245,336
10
CEO,DIR,BO
AS
$17,955,736

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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