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Insiders at Kinder Morgan and Navistar International Buy Shares

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Plus, there were purchases at Axis Capital and Guidance Software.

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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, September 9, 2013.

Notable Purchases:
  • Richard Kinder, the Chairman and CEO of energy transportation and storage company Kinder Morgan (NYSE:KMI), bought 500,000 shares of company stock for $17,868,750.
  • Mark Rachesky, a director at commercial and military truck company Navistar International (NYSE:NAV), bought 415,101 shares of company stock for $14,127,681.
  • John Gressier, the CEO of global specialty insurance and treaty reinsurance company Axis Capital (NYSE:AXS), bought 176,000 shares of company stock for $7,474,562.
  • Naples, Florida-based hedge fund RGM Capital bought 92,506 shares of digital investigative solutions company Guidance Software (NASDAQ:GUID) for $767,762.
Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
CB,CEO,BO
B
$17,868,750
2
DIR,BO
B
$14,127,681
3
CEO
B
$7,474,562
4
O
B
$3,531,682
5
BO
B
$1,578,194
6
DIR,BO
JB*
$800,000
7
BO
B
$767,762
8
DIR,BO
B
$520,745
9
DIR,BO
B
$349,392
10
BO
B
$303,380

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
DIR
AS
$156,248,496
2
BO
S
$92,350,680
3
CB,CEO,BO
S
$9,593,032
4
CB,DIR
S
$4,045,290
5
SO
AS
$3,484,590
6
O
S
$3,309,816
7
CB,CEO,DIR
S
$3,269,640
8
VP,OO
S
$3,000,002
9
VP
AS
$2,810,173
10
DIR
S
$2,726,211

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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