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Insiders Buy Shares of Exxon, Park City Group, and Macy's; Four Insiders Sell at BankUnited

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Plus, a purchase at Quantum Corp.; sales at Primoris Services and Monster Beverage.

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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 Friday, March 15, 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, the hedge fund Starboard Value, a Beneficial Owner of backup, recovery, and archive solutions company Quantum Corporation (NYSE:QTM), bought $1,220,000 worth of company stock. Patrick Mulva, a Vice President and Controller of Exxon Mobil (NYSE:XOM), bought $978,979 worth of company stock. At software-as-a-service company Park City Group (NYSEAMEX:PCYG), three Directors purchased company stock, with Robert Allen buying $500,000, while Ronald Hodge and Robert Hermanns each bought $200,002. David Clark, the Executive Vice President of Human Resources and Diversity at Macy's (NYSE:M), bought $300,576 worth of company stock.

In insider sales, three Beneficial Owners at bank holding company BankUnited (NYSE:BKU) sold company stock: turnaround investment management firm WL Ross & Co. and global asset management fund Carlyle Group Management L.L.C. each sold $119,023,448, and private investment firm Centerbridge Capital Partners sold $93,288,648. Also at BankUnited, Chairman, President, and CEO John Kanas sold $19,796,000 worth of company stock. Brian Pratt, the Chairman and CEO of specialty contractor and infrastructure company Primoris Services Corporation (NASDAQ:PRIM), sold $24,706,376 worth of company stock. At Monster Beverage Corporation (NASDAQ:MNST), Vice Chairman and President Hilton Schlosberg sold $5,192,000 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
$1,220,000
2
VP,CT
B
$978,979
3
DIR
B
$500,000
4
CEO,DIR,BO
JB*
$400,000
5
VP
M
B
$300,576
6
CEO,CB,BO
B
$246,485
7
DIR
B
$200,002
8
DIR
B
$200,002
9
DIR
B,JB*
$188,424
10
DIR
B
$153,433

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*
$119,023,448
2
BO
JS*
$119,023,448
3
BO
JS*
$93,288,648
4
DIR
S
$30,429,000
5
CB,CEO,BO
S
$24,706,376
6
CB,PR,CEO
JS*
$19,796,000
7
DIR,BO
S
$13,436,320
8
DIR
S
$11,308,132
9
DIR
S
$8,125,476
10
VCB,PR,DIR
S
$5,192,000

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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No positions in stocks mentioned.
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