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Insiders at Puma Biotechnology, ChemoCentryx, and Ruby Tuesday Buy Shares

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Plus, a purchase at USA Truck.

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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:
  • Investment firm Adage Capital Partners GP bought 280,700 shares of development-stage biopharmaceutical company Puma Biotech (NYSE:PBYI) for $11,115,720.
  • The independent portfolio management firm Stone House Capital Management bought 134,858 shares of truckload carrying company USA Truck (NASDAQ:USAK) stock for $1,858,780.
  • The private equity firm BVF Partners LP bought 136,066 shares of biopharmaceutical company ChemoCentryx (NASDAQ:CCXI) for $669,799. ChemoCentryx develops oral-administered therapeutics for the treatment of autoimmune diseases, inflammatory diseases, and cancer.
  • James Buettgen, Chairman and CEO of casual dining restaurants company Ruby Tuesday (NYSE:RT), bought 100,000 shares of company stock for $588,400.
For more insider trades, see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
DIR,BO
JB*
$276,142,976
2
BO
B
$12,793,508
3
BO
B
$11,115,720
4
BO
B
$1,858,780
5
BO
B
$1,064,292
6
BO
B
$669,799
7
CB,CEO,DIR
B
$588,400
8
DIR,BO
B
$568,530
9
DIR
B
$499,905
10
CFO
JB*
$480,000

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
F,DIR,BO
AS
$85,363,168
2
DIR,BO
AS
$18,728,074
3
CFO
V
AS
$12,588,318
4
DIR
S
$9,832,000
5
CEO,DIR
AS
$8,315,333
6
CEO,DIR
AS
$8,038,219
7
BO
S
$7,465,500
8
PR
S
$6,850,000
9
VP
AS
$5,052,583
10
DIR
S
$4,323,520

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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