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Insiders Sell Stock at Tiffany & Co, LinkedIn, Google

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Plus, today's top insider trades include purchases at Ceres, ValCom, and Opko Health.

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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 Wednesday, Jan. 16, 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.

Ambergate Trust, a beneficiary owner of agriculture biotechnology company Ceres (NASDAQ:CERE), bought $615,115 worth of company stock. Claus Lehmann, a beneficiary owner of ValCom (PINK:VLCO), bought $230,275 worth of company stock. ValCom operates a diversified entertainment company through its subsidiaries, and its broadcast division runs My Family TV, a network for American families. Dr. Phillip Frost, Chairman and CEO of Opko Health (NYSE:OPK), again bought stock in the company, this time for $199,642. Joseph Mezey, Chief Financial Officer of Graystone Company (PINK:GYST), bought $64,500 worth of company stock. Graystone locates and extracts mineral deposits for refining by focusing on acquiring properties with proven mineral ore reserves.

In sales, Peter May, a director of fine jewelry company Tiffany & Co. (NYSE:TIF), sold $60,766,512 worth of company stock. Holiday sales growth has been disappointing at the company and it has lowered its expectations for full-year earnings, which will probably be well below the guidance the company issued in November. There were two sales at Google (NASDAQ:GOOG): Co-Founder and CEO Larry Page sold $29,961,397 worth of company stock while Director John Doerr sold $4,167,148. There were also two sales at LinkedIn (NYSE:LNKD), with Co-Founder and Director Reid Hoffman selling $9,802,434 and CEO Jeff Weiner selling $4,352,139. James Hagedorn, Chairman and CEO of lawn and garden care company Scotts Miracle-Gro (NYSE:SMG), sold $2,791,625 worth of company stock.

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.


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


Source: InsiderInsights.com | 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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