Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Insiders at Tessera Technologies and Forbes Energy Buy Shares

By

Plus, there were purchases at NexPoint Credit Strategies Fund and Valeant Pharmaceuticals International.

PrintPRINT
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 Friday, August 23, 2013.

Notable Purchases:
  • Peter Feld, a Director of miniaturization and electronic devices technology company Tessera Technologies (NASDAQ:TSRA), bought 175,000 shares of company stock for $3,303,600.
  • James Dondero, a portfolio manager of non-diversified, closed-end management investment company NexPoint Credit Strategies Fund (NYSE:NHF), bought 162,623 shares of company stock for $1,237,561.
  • The capital redeployment and new business identification firm Steel Excel (OTCMKTS:SXCL) bought 224,900 shares of independent oil field services contractor Forbes Energy (NASDAQ:FES) for $1,009,981.
  • Robert Chai-Onn, Executive Vice President and General Counsel of specialty pharmaceutical company Valeant Pharmaceuticals International (NYSE:VRX), bought 5,032 shares of company stock for $499,673.

For more insider trades, see the charts below.


Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
DIR
B
$3,303,600
2
O
JB*
$1,237,561
3
BO
B
$1,009,981
4
DIR,BO
B
$917,583
5
VP,GC,SEC
B
$499,673
6
DIR
JB*
$460,000
7
VP,FO,CFO
B
$302,400
8
DIR
B
$119,211
9
DIR
B
$114,373
10
BO
B
$95,310

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
CB,DIR,BO
Z
JS*
$30,750,000
2
VCB,PR,BO
Z
JS*
$30,750,000
3
DIR
S
$26,247,836
4
PR
S
$3,693,363
5
DIR
S,JS*
$1,829,820
6
DIR
S
$1,691,638
7
DIR
Z
JS*
$1,435,000
8
VP
S
$1,225,708
9
DIR
S
$1,024,054
10
LO,SEC
S
$993,083

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.
PrintPRINT

Busy? Subscribe to our free newsletter!

Submit
 

WHAT'S POPULAR IN THE VILLE