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Insider Trading: Wageworks and Genesis Energy Sales Over $70 Million Each


Genesis also saw a $21.9 million insider purchase.


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 Tuesday, October 9, 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.

According to the SEC, VantagePoint Ventures sold $76.4 million worth of Wageworks (NYSE:WAGE), which was the largest insider move yesterday. Genesis Energy (NYSE:GEL) was at the top of the charts for both insider sales and purchases. William Keen Robertson, a board member of the midstream oil and gas company, sold $71.1 million worth of stock, while James Davison, a director and general partner, purchased $21.9 million of the company's stock.

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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