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In Insider Trading, Vocus CEO Buys Company Stock, Resolute Fund Sells $142 Million Stake in TAL International

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Plus, purchases at Game Plan, Validus, and LogMeIn; sales at Trulia, Iron Mountain, Yelp, and Colgate-Palmolive.

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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 Thursday, March 1, 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, Andrew Bachman, the president of development stage company Game Plan Holdings (OTC:GPLH), bought $1,820,000 worth of company stock. The company operates Hazzsports.com, Totalscout.com, and CheckinSave.com. At cloud marketing software company Vocus (NASDAQ:VOCS), Co-Founder, Chairman, and CEO Richard Rudman bought $975,100 worth of company stock. John Hendrickson, a Director of Validus Holdings (NYSE:VR), bought $499,100 worth of company stock. Validus provides insurance, reinsurance, and insurance linked securities fund management services. Michael Simon, Founder and CEO of LogMeIn (NASDAQ:LOGM), which provides software-as-a-service based remote connectivity solutions, bought $352,949 worth of company stock.

In insider sales, Resolute Fund, a beneficiary owner of intermodal containers and chassis leasing company TAL International Group (NYSE:TAL), sold $142,512,128 worth of company stock, while another beneficiary owner, JZ Capital Partners, sold $15,333,232 worth of company stock. At online real estate company Trulia (NYSE:TRLA), beneficiary owner Fayez Sarofim Investment Partners sold $17,575,550 worth of company stock. Vincent Ryan, a Director of information management company Iron Mountain (NYSE:IRM), sold $10,837,283 worth of company stock. At online urban city guide and social network company Yelp (NYSE:YELP), beneficiary owner and Director Deer VI & Co. sold $4,622,875 worth of company stock. Ian Cook, Chairman, President, and CEO of Colgate-Palmolive (NYSE:CL), sold $3,862,446 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.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
PR,BO
JB*
$1,820,000
2
CB,CEO,PR
B
$975,100
3
DIR
B
$499,100
4
CEO,CB,BO
B
$388,599
5
BO
B
$370,639
6
CEO,SEC,DIR
B
$352,949
7
DIR
B
$249,177
8
BO
B
$245,715
9
DIR
B
$242,970
10
DIR
B
$222,167

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*
$142,512,128
2
BO
S
$17,575,550
3
BO
S
$15,333,232
4
DIR
AS
$10,837,283
5
DIR
S
$5,849,169
6
BO
S
$5,116,985
7
DIR,BO
S
$4,622,875
8
DIR
S
$4,529,482
9
PR,CEO,DIR
S
$4,122,813
10
CB,PR,CEO
AS
$3,862,446

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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