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In Insider Trades, Liberty Media Buys More Siriux XM Radio, Sandberg Sells Facebook


Plus, sales at Tiffany and Broadcom.

In a victory for common sense, the trading behavior of company executives, directors, and large shareholders in the stocks of firms they're registered "insiders" at have been proven profitable to monitor by both academic studies and (more importantly) the experience of your fellow professional investors.

Below are lists of the top 10 mainly open-market insider purchases and sales filed at the Securities and Exchange Commission Thursday, Jan. 17, 2013 as ranked by dollar value.

Please note, however, that these are factual lists, 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.

In purchases, Liberty Media (NASDAQ:LMCAD), a Beneficiary owner of Sirius Xm Radio (NASDAQ:SIRI), bought $157,780,000 in the company, raising its owning stake in the satellite radio company to over 50%. At the Organic Light Emitting Device (OLED) company Universal Display (NASDAQ:PANL), Benefciary Owner Discovery Global Opportunity Fund, which is the flagship fund of hedge fund Discovery Capital, bought $1,377,103. OLED technology is making waves in the consumer television market, with companies likes Sony (NYSE:SNE) and Samsung (PINK:SSNLF) presenting their OLED TVs at this year's Consumer Electronics Show. Shane McMahon, the CEO of YOU On Demand (NASDAQ:YOD), which is the first national pay-per-view and video-on-demand platform available to the Chinese market, bought $250,000 of company stock. The son of World Wrestling Entertainment (NYSE:WWE) CEO Vince McMahon, Shane was formerly an occasional wrestler, referee, and the Executive Vice President of Global Media at WWE.

In sales, Larry Page, co-founder and CEO of Google (NASDAQ:GOOG), sold $14,890,407 worth of company stock. At Facebook (NASDAQ:FB), Chief Operating Officer Sheryl Sandberg sold $10,627,522 worth of the social network company's stock. Michael Kowalski, the Chairman and CEO of jewelry company Tiffany & Co. (NYSE:TIF), sold $6,338,320 of company stock. At the lawn and garden care company Scotts Miracle-Gro (NYSE:SMG), Chairman and CEO James Hagedorn sold $$3,949,094 and his Hagedorn Partnership, a Beneficiary Owner of the company, sold $2,030,039. Neil Kim, the Vice President of Operation and Central Engineering at semi-conductor company Broadcom (NASDAQ:BRCM), sold $1,520,015 worth of company stock.

At, 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.

Source: | Key to Insider Title and Trans Type Codes

Source: | Key to Insider Title and Trans Type Codes

Editor's note: Jonathan Moreland is the founder of Insider Insights and author of "Profit From Legal Insider Trading."
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