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Insider Moves: Alexion CEO Sells


At the same time, Bill Gates buys shares of Republic Services.

MINYANVILLE ORIGINAL In a review of recent insider transactions filed with the SEC, we saw some items worth noting beyond yesterday's report that Warren Buffett purchased $30 million in DaVita (NYSE:DVA) stock.

Another famous name was a buyer: Bill Gates purchased nearly $10 million of "trash" in Republic Services (NYSE:RSG), a waste management collection company that also owns landfills.

On the selling side, Leonard Bell, CEO of Alexion Pharmaceuticals (NASDAQ:ALXN), unloaded over $16 million of company shares over two days in late September. The biopharmaceutical focuses on severe, ultra-rare disorders.

Southwestern Energy (NYSE:SWN) ex-CFO, Gregory D. Kerley, put over $8 million worth of stock in the natural gas and oil exploration company on the market, which made sense since he resigned from the company around the time of his sales.

A rather less explicable sale, albeit on a much smaller scale, involved In Media's (OTC:IMDC) Nitin Karnik. He made about 25 separate (but small) transactions over August and September, with the smallest at $25.88 for 75 shares and the largest at $14,726 for 39,800 shares of the tiny $22 million market cap, development-stage tech company. A serial entrepreneur, Karnik may be moving on. According to Macroaxis, the company has total return on assets of negative 358.57%, which means it has lost $358.67 for every $100 spent on assets.
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