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In Insider Trading, United Continental CEO Jeff Smisek Buys UAL

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Plus, purchases at Ion Geophysical and Silver Bay Realty.

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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 Tuesday, August 27, 2013.

Notable Purchases:
  • The Japanese trading company Marubeni (OTCMKTS:MARUF) bought 30,000 shares of high-utility commercial jet aircraft company Aircastle (NYSE:AYR) for $520,854.
  • James Lapeyre, a director at technology-focused seismic solutions company Ion Geophysical (NYSE:IO), bought 75,000 shares of company stock for $354,750.
  • Jeffery Smisek, Chairman, President, and CEO of major airline United Continental (NYSE:UAL), bought 9,054 shares of company stock for $250,409.
  • Ronald Weiser, a director at real estate investment trust Silver Bay Realty (NYSE:SBY), bought 10,000 shares of company stock for $161,304.
For more insider trades, see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
B
$4,852,672
2
CEO,CFO,DIR
JB*
$853,634
3
DIR,BO
B
$520,854
4
BO
B
$361,872
5
VP,LO
B
$360,361
6
DIR
B
$354,750
7
CB,PR,CEO
B
$250,409
8
DIR
B
$183,213
9
DIR
B
$161,304
10
BO
B
$147,940

Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
PT,BO,DIR
Z
JS*
$117,465,000
2
DIR
S
$13,461,680
3
VP
S
$12,392,700
4
DIR,BO
S
$9,802,290
5
BO
S
$5,848,459
6
CTO
AS
$3,725,378
7
O
V
AS
$3,109,001
8
VP,CFO
S
$2,435,230
9
DIR
S
$2,102,658
10
DIR
S
$2,015,775

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."
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No positions in stocks mentioned.
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