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Top Insider Trades: XOMA and AGCO Insiders Buy

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Meanwhile Schwab and Google insiders sell.

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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 Wednesday, October 31, 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.

Julian Baker, director of drug developer XOMA (NASDAQ:XOMA), bought $14.2 million worth of shares in a transaction that was not done on the open market. XOMA releases its earnings on November 7. Mallika Srinivasan, director of AGCO (NYSE:AGCO), picked up $12.6 million worth of the agricultural equipment maker's stock in an automatic purchase through the insider's 10b5-1 program.

The chairman of the board at the brokerage firm Charles Schwab (NYSE:SCHW) reported that he sold $16.9 million worth of stock, which was not done on the open market. Charles R. Schwab's eponymous company announced in October that it would acquire ThomasPartners, a financial planning and investment services firm. Google (NASDAQ:GOOG) director John Doerr sold $13.3 million in company stock through the insiders' 10b5-1 program.

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.


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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