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Top Insider Trades: BlackRock and AGCO See Purchases


IBM and Cracker Barrel note insider sales.

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, November 1, 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.

James Grosfeld, an independent director of BlackRock (NYSE:BLK), purchased $8 million worth of stock in the publicly-traded hedge fund on the open market, according to SEC filings. Meanwhile, AGCO (NYSE:AGCO) reported that director Mallika Srinivasan made another automatic buy of the agricultural equipment maker's stock for $1.4 million. In the past two weeks, Srinivasan has purchased nearly $40 million in the company's stock. Today AGCO announced a third quarter net income of $323 million, up nearly 19% from last year.

IBM's (NYSE:IBM) senior vice president of systems and technology, Rodney Adkins, sold $2.3 million worth of the information-technology company's stock on the open market, according to SEC filings. Michael Woodhouse, director of Cracker Barrel (NASDAQ:CBRL) disposed of $1.8 million worth of stock in a previously scheduled automatic sale. Over the past month, Woodhouse's automatic sales have tallied over $23 million.

At, 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: | Key to Insider Title and Trans Type Codes

Source: | 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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