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Top Insider Trades: DaVita and Take Two Insiders Continue Buying

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Google insiders continue selling.

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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 Tuesday, November 13, 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.

There are a lot of repeat buyers on the list of largest insider purchases. Berkshire Hathaway (NYSE:BRK.A) continued buying DaVita Healthcare (NYSE:DVA) stock, according to SEC filings. Its latest $15.6 million purchase, the ninth since the end of September, brings the value of its total investment in the dialysis services provider to over $200 million. Carl Icahn made his third purchase in seven days of Take Two Interactive (NASDAQ:TTWO) stock. His $12.6 million purchase brings his total stake in the company to $34 million. The recent purchases amount to a buyback as the average share price of his recent purchases comes to $11.15. In May 2011, Icahn sold $81.1 million worth of the game developer's stock at average share price of $16.36.

Google (NASDAQ:GOOG) insiders have been unloading tens of million's worth of company stock in a series of pre-scheduled automatic sales. CEO Larry Page is just the latest to do so, pocketing nearly $37 million in the process.

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.

So use these regular blog posts as the initial research tools they are meant to be, and click the links in the tables to analyze a company's or insider's full insider history. Also feel free to email us with any questions on our proprietary insider data, and how it is best analyzed.


Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes


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."
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