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Insiders Sell Google, LinkedIn


While insiders buy AGCO, ViaSat, and Janus Capital.

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 10, 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.

Larry Page pocketed $31 million in exchange for selling Google (NASDAQ:GOOG) stock while LinkedIn (NYSE:LNKD) CFO Steven J. Sordello got $5.9 million for his transaction. Insider buyers included AGCO (NYSE:AGCO) director Mallika Srinivasa who purchased $10.9 million worth of the agricultural equipment maker. Beneficial owners FPR Partners and Dai-ichi Life Insurance purchased $7.2 million of ViaSat (NASDAQ:VSAT) and $5.5 million of Janus Capital (NYSE:JNS), respectively.

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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