Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Insiders Sell Stock at Two Big Tobacco Firms, Plus a Buy at TASER International

By

Insiders also made purchases at DaVita, VMware, and Opko Health.

PrintPRINT
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 Wednesday, February 27, 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, Berkshire Hathaway (NYSE:BRK.B), a beneficial owner of dialysis and kidney services company DaVita HealthCare (NYSE:DVA), bought $24,696,932 worth of company stock. The data storage products and services corporation EMC (NYSE:EMC) bought $4,998,104 worth of stock in cloud infrastructure and virtualization company VMware (NYSE:VMW). Phillip Frost, CEO and Chairman of pharmaceutical and diagnostics company Opko Health (NYSE:OPK), bought $454,329 worth of company stock.. At electronic control device (a.k.a. taser) manufacturer TASER International (NASDAQ:TASR), Director Hadi Partovi bought $354,925 worth of company stock.

In insider sales, Brown & Williamson, a beneficiary owner of tobacco company Reynolds American (NYSE:RAI), sold $29,733,528 worth of company stock. Reynolds American was created in 2004 when Brown & Williamson, then a controversial company due to claims against it of adding addictive chemicals to cigarettes, merged with R.J. Reynolds. At online vacation rental company HomeAway (NASDAQ:AWAY), partner and beneficiary owner TCV VI L P sold $18,098,688 worth of company stock. Louis Camilleri, Chairman and CEO of Philip Morris International (NYSE:PM), sold $5,123,250 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
BO
B
$24,696,932
2
BO
B
$4,998,104
3
CEO,DIR
B
$834,417
4
CEO,CB,BO
B
$454,329
5
DIR
B
$354,925
6
DIR
B
$312,683
7
DIR
B
$303,810
8
PR,CEO,DIR
B
$302,325
9
VP,COO
JB*,B
$135,050
10
VP,CFO
B
$131,000

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
S
$29,733,528
2
PT,BO
S
$18,098,688
3
BO
S
$13,209,000
4
BO
S
$8,552,339
5
CB,CEO,DIR
S
$5,123,250
6
DIR
S
$4,813,636
7
VP,CEO
S
$4,448,436
8
CB,CEO,PR
S
$4,185,636
9
DIR,BO
S
$3,143,330
10
CB,DIR
S
$3,091,718

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."
< Previous
  • 1
Next >
No positions in stocks mentioned.
PrintPRINT

Busy? Subscribe to our free newsletter!

Submit
 

WHAT'S POPULAR IN THE VILLE