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Which Stocks Are Getting Attention From Insiders?


A Janus Capital insider returned for a big buy. Sales were seen for AMC, Jazz Pharmaceuticals, and Cheniere Energy.


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 October 4, 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.

Dai-ichi Life Insurance continued purchasing Janus Capital (NYSE:JNS), this time $4,655,461. A day ago it reported purchasing $14.471,161 in the investment management company. No other insider buys breached the million-dollar mark.

The largest seller was Luxor Capital which unloaded $37,406,209 worth of AMC Networks (NASDAQ:AMCX). William D. Green, the Chairman and Director of Accenture (NYSE:ACN) disposed of $6,298.734 worth of stock in the consultancy. A Director of Jazz Pharmaceuticals (NASDAQ:JAZZ), Patrick G. Enright, got $3.907,709 for his shares. Paul J. Hoenmans earned $2,90745 in his sale of Cheniere Energy (NYSEAMEX:LNG) stock. The President, CEO, and Director of Williams Companies (NYSE:WMB), Alan S. Armstrong, sold $2,848,320 of stock in the energy infrastructure company.

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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