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Insiders at Achillion and Opko Buy Shares While Dollar General Sees a Major Sale

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Plus, Gold Resource and Google see sales.

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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 Monday, July 15, 2013.

Notable Purchases:
  • QVT Associates GP LLC bought 401,017 shares of infectious diseases-focused biopharmaceutical company Achillion Pharmaceuticals (NASDAQ:ACHN) for $2,591,167.
  • Phillip Frost, the CEO and Chairman of pharmaceutical and diagnostics company Opko Health (NYSE:OPKO), bought 36,100 shares of company stock for $370,000.
Notable Sales:
  • Adrian Jones, a Director of discount retailer Dollar General (NYSE:DG), sold 3,468,596 shares of company stock for $188,346,304.
  • Precious metals company Hochschild Mining (LON:HOC) sold 3,375,000 shares of Gold Resource (NYSEMKT:GORO) for $25,650,000.
  • John Doerr, a Director of Google (NASDAQ:GOOG), sold 4,518 shares of company stock for $4,167,103.
For more insider trades, see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
B
$2,591,167
2
DIR
JB*
$1,576,273
3
BO
JB*
$370,000
4
BO
B
$258,030
5
O
B
$223,600
6
CEO,CB,BO
B
$143,423
7
DIR
JB*
$102,150
8
BO
JB*
$92,254
9
DIR
JB*
$72,124
10
FO,DIR,BO
JB*
$59,011

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
DIR
JS*
$188,346,304
2
BO
JS*
$25,650,000
3
BO
S
$21,808,950
4
BO
S
$9,109,547
5
DIR
AS
$6,515,961
6
DIR
AS
$4,167,103
7
BO
S
$3,645,766
8
VP
AS
$3,538,115
9
DIR
AS
$2,518,416
10
BO
S
$1,743,635

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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