business newsIn Insider Trading, the CEO of Shutterfly and CFO of NVR Sell Stock; a Purchase at Carmax
By
Jonathan Moreland
Feb 11, 2013 10:30 am
Plus, purchases at Texas Industries, American Superconductor, and Zoetis, and sales at Kellogg and Google.
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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 Friday, February 8, 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 insider purchases, Rakesh Gangwal, former CEO of US Airways Group (NYSE:LCC) and current Director of Carmax (NYSE:KMX), bought $1,182,900 worth of stock in the latter firm, a used car retailer company. Kevin Douglas, a Beneficiary Owner of wind and power grid products and services company American Superconductor Corp. (NASDAQ:AMSC), bought $811,405 worth of stock. At Texas Industries (NYSE:TXI), which manufactures and sells heavy construction materials in the southwestern US, Director Bernard Lanigan Jr. bought $552,446 worth of company. With three Directors purchasing at Zoetis (NYSE:ZTS), which develops, manufactures, and commercializes animal health medicines and vaccines, Frank Damelio, Geno Germano, and Douglas Giordano bought $130,000 each.
In insider sales, Jeffrey Housenbold, the President and CEO of social media and self-publishing site Shutterfly (NASDAQ:SFLY), sold $7,428,233 of company stock. Dennis Seremet, the CFO of home building company NVR (NYSE:NVR), sold $4,472,916 of company stock. At cereal and food products company Kellogg (NYSE:K), Beneficiary Owner the Kellogg W K Foundation Trust sold $3,333,568 worth of company stock. Shirley Tilghman, a Canadian scholar in molecular biology, the President of Princeton University, and a Director of Google (NASDAQ:GOOG), sold $1,957,108 of company shares.
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.
Below are lists of the top 10 mainly open-market insider purchases and sales filed at the Securities and Exchange Commission Friday, February 8, 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 insider purchases, Rakesh Gangwal, former CEO of US Airways Group (NYSE:LCC) and current Director of Carmax (NYSE:KMX), bought $1,182,900 worth of stock in the latter firm, a used car retailer company. Kevin Douglas, a Beneficiary Owner of wind and power grid products and services company American Superconductor Corp. (NASDAQ:AMSC), bought $811,405 worth of stock. At Texas Industries (NYSE:TXI), which manufactures and sells heavy construction materials in the southwestern US, Director Bernard Lanigan Jr. bought $552,446 worth of company. With three Directors purchasing at Zoetis (NYSE:ZTS), which develops, manufactures, and commercializes animal health medicines and vaccines, Frank Damelio, Geno Germano, and Douglas Giordano bought $130,000 each.
In insider sales, Jeffrey Housenbold, the President and CEO of social media and self-publishing site Shutterfly (NASDAQ:SFLY), sold $7,428,233 of company stock. Dennis Seremet, the CFO of home building company NVR (NYSE:NVR), sold $4,472,916 of company stock. At cereal and food products company Kellogg (NYSE:K), Beneficiary Owner the Kellogg W K Foundation Trust sold $3,333,568 worth of company stock. Shirley Tilghman, a Canadian scholar in molecular biology, the President of Princeton University, and a Director of Google (NASDAQ:GOOG), sold $1,957,108 of company shares.
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.
| #: | Filer Name | Insider Titles | Company Name | Ticker |
Trans Type |
Dollar Value |
|---|---|---|---|---|---|---|
|
1
|
DIR
|
B
|
$1,182,900
|
|||
|
2
|
BO
|
B
|
$811,405
|
|||
|
3
|
DIR
|
B
|
$553,446
|
|||
|
4
|
DIR
|
B
|
$336,116
|
|||
|
5
|
CEO,CB,BO
|
B
|
$256,893
|
|||
|
6
|
DIR
|
B
|
$200,238
|
|||
|
7
|
COO
|
JB*
|
$150,400
|
|||
|
8
|
DIR
|
JB*
|
$130,000
|
|||
|
9
|
DIR
|
JB*
|
$130,000
|
|||
|
10
|
DIR
|
JB*
|
$130,000
|
Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes
| #: | Filer Name | Insider Titles | Company Name | Ticker |
Trans Type |
Dollar Value |
|---|---|---|---|---|---|---|
|
1
|
PR,CEO,DIR
|
AS
|
$7,428,233
|
|||
|
2
|
CFO
|
S
|
$4,472,916
|
|||
|
3
|
BO
|
AS
|
$3,333,568
|
|||
|
4
|
CB,PR,CEO
|
S
|
$3,009,316
|
|||
|
5
|
VP,CFO
|
S
|
$2,752,739
|
|||
|
6
|
CB,PR,CEO
|
AS
|
$2,351,175
|
|||
|
7
|
CB,CEO,DIR
|
S
|
$2,067,350
|
|||
|
8
|
DIR
|
S
|
$1,957,108
|
|||
|
9
|
CEO,DIR
|
S
|
$1,700,101
|
|||
|
10
|
CB,CEO,DIR
|
S
|
$1,509,745
|
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."
No positions in stocks mentioned.
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