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Insiders at Arabian American Development Co and US Concrete Inc Buy Stock

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Plus, there was a purchase at MRC Global Inc and a sale at TD Ameritrade Holding Corp.

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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, June 10, 2013.

Notable Purchases:
  • The prominent Saudi Arabian businessman Al Athel Fahad Mohammed Saleh bought 318,578 shares of specialty petrochemical manufacturer Arabian American Development Co (NYSE:ARSD) for $2,230,046.
  • The employee-owned investment manager Whippoorwhill Associates Inc bought 60,988 shares of US Concrete Inc (NASDAQ:USCR) for $973,583.
  • Rory Isaac, the Executive Vice President of corporate strategy, mergers and acquisitions at MRC Global Inc (NYSE:MRC), bought 10,000 shares of company stock for $273,400.
Notable Sales:
  • Joe Ricketts, the founder and former Chairman and CEO of securities brokerage and financial services company TD Ameritrade Holding Corp. (NYSE:AMTD), sold 2,444,244 shares of company stock for $58,675,336.
For more insider trades, please see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
JB*
$2,230,046
2
BO
B
$973,583
3
CEO,CB,BO
B
$652,649
4
DIR
B
$495,735
5
VP
B
$273,400
6
BO
JB*
$212,827
7
DIR
B
$191,000
8
DIR
B
$150,610
9
VP
B
$144,990
10
DIR
B
$81,000

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
S
$58,675,336
2
BO
JS*
$54,600,000
3
BO
JS*
$20,470,936
4
BO
S
$15,611,772
5
CEO,DIR,BO
S
$13,301,142
6
CEO,DIR,BO
JS*
$8,000,000
7
CEO
S
$7,584,825
8
DIR
S
$6,372,644
9
BO
K
AS
$6,327,480
10
DIR
S
$4,923,290

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."

Disclosure: Minyanville has a business relationship with TD Ameritrade.
No positions in stocks mentioned.
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