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Stocks: Insiders Buy at Seattle Genetics, Target, and Emerald Oil

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Plus, a purchase at JMP Group.

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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:

  • Felix Baker, a director and beneficial owner of biotechnology company Seattle Genetics (NASDAQ:SGEN), bought 281,963 shares of company stock for $9,828,093.
  • The Houston-based energy investment company Edelman & Guill bought 100,000 shares of independent oil and natural gas company Emerald Oil (NYSEMKT:EOX) stock for $625,176.
  • Roxanne Austin, a director at general merchandise and food retailer Target (NYSE:TGT) bought 10,000 shares of company stock for $567,796.
  • Joseph Jolson, CEO of full-service investment banking, asset management, and corporate credit management firm JMP Group (NYSE:JMP) bought 58,200 shares of company stock for $377,251.
For more insider trades, see the charts below.


Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
DIR,BO
B
$9,828,093
2
BO
B
$625,176
3
DIR
B
$567,796
4
BO
JB*
$500,000
5
CEO,DIR
B
$490,792
6
CEO,DIR,BO
AB
$377,251
7
CEO,DIR
B
$301,200
8
CEO,DIR
B
$262,148
9
BO
B
$220,000
10
COO
B
$216,990

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
BO
JS*
$292,230,016
2
DIR,BO
JS*
$178,370,800
3
BO
S
$75,828,246
4
BO
S
$9,309,901
5
VCB,F,DIR
AS
$6,448,730
6
PR,COO,DIR
S
$4,200,565
7
DIR
AS
$3,068,556
8
CEO,DIR,BO
S
$2,514,176
9
DIR
S
$2,320,500
10
CB,CEO,PR
AS
$2,058,000

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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