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In Insider Trading, Horsehead Holding and Synta Pharmaceuticals See Major Purchases

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Plus, there were sales at Facebook and TD Ameritrade.

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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 Thursday, June 27, 2013.

Notable Purchases:
  • The investment adviser firm Dalal Street LLC bought 212,553 shares of of zinc and nickel producer Horsehead Holding Corp. (NASDAQ:ZINC) company stock for $2,549,977.
  • Bruce Kovner, a Director of biopharmaceutical company Synta Pharmaceuticals Corp. (NASDAQ:SNTA), bought 500,000 shares of company stock for $2,265,390.
  • Timothy Chrisman, a Director of multi-bank holding company First PacTrust Bancorp, Inc. (NASDAQ:BANC), bought 12,146 shares of company stock for $161,399.
Notable Sales:
  • Joe Ricketts, the founder and former Chairman and CEO of securities brokerage and financial services company TD Ameritrade Holding Corp. (NYSE:AMTD) sold 2,411,397 shares of company stock for $57,873,528.
  • Theodore Ullyot, the Vice President and General Counsel of Facebook Inc (NASDAQ:FB), sold 43,980 shares of company stock for $1,077,622.
For more insider trades, see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
DIR
JB*
$11,500,005
2
DIR,BO
JB*
$7,999,995
3
BO
B
$2,549,977
4
DIR,BO
B
$2,265,390
5
DIR
B
$161,399
6
DIR
JB*
$143,850
7
DIR
B
$118,860
8
DIR
B
$88,550
9
DIR
JB*
$71,083
10
DIR
B
$70,495

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
CB,DIR
AS
$66,419,743
2
BO
S
$57,873,528
3
O
P
S
$5,840,250
4
CB,DIR
S
$3,300,766
5
VP,OO,DIR
AS
$2,506,433
6
VP,CT
S
$1,157,751
7
VP,GC,SEC
AS
$1,077,622
8
DIR
AS
$810,426
9
VP,OO
AS
$550,000
10
VP,COO
S
$504,500

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."
No positions in stocks mentioned.
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