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Top Insider Trades: Ralph Lauren Family Unloads $15 Million Worth of the Family Business


Garmin's CEO sells nearly $29 million; VMware and JB Hunt see buying.

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, December 6, 2012 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.

The Ralph Lauren family sold over $15 million worth of stock in Ralph Lauren Corp (NYSE:RL). The patriarch has sold close to $30 million of his own apparel stock this year but this is the first time this year the family trust has cashed in, according to SEC documents. Another company head, Garmin (NASDAQ:GRMN) CEO Min H. Kao, sold nearly $29 million worth of the GPS equipment maker.

Repeat insider buyers Berkshire Hathaway (NYSE:BRK.A) and EMC (NYSE:EMC) both made the list with multi-million-dollar purchases of DaVita Healthcare (NYSE:DVA) and VMware (NYSE:VMW) respectively. On a smaller scale, Douglas G. Duncan, a director with JB Hunt Transportation (NASDAQ:JBHT), made a $153,312 buy of the transportation and delivery company's stock. All three purchases were made on the open market.

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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