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Insiders Buy Shares at Yum Brands and Puma Biotech

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Plus, the Washington Post Co. sees a significant sale.

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Welcome to our daily roundup of top insider trades. Here's a look at the most significant inside purchases and sales recently filed with the SEC.

Notable Purchases:
  • Investment firm Adage Capital Partners GP bought 140,900 shares of development-stage biopharmaceutical company Puma Biotech (NYSE:PBI) for $5,697,561.
  • Robert Walter, a director at quick service restaurant company Yum Brands (NYSE:YUM), bought 20,000 shares of company stock for $1,321,716.
  • At Prudential Bancorp (NASDAQ:PBIP), Chairman, President and CEO Thomas Vento bought 8,576 shares for $85,760 while Executive Vice President and CFO Joseph Corrato bought 3,311 for $33,110. Prudential Bancorp is the a mid-tier holding company for Prudential Savings Bank.
Notable Sale:
  • Katharine Weymouth, a director at The Washington Post Company (NYSE:WPO), sold 3,992 shares of company stock for $2,437,702.
For more insider trading, see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
DIR
JB*
$7,200,000
2
BO
B
$5,697,561
3
DIR
B
$1,321,716
4
DIR,BO
B
$529,644
5
DIR
JB*
$306,993
6
CB,PR,CEO
JB*
$85,760
7
CEO,CB,BO
B
$84,416
8
BO
B
$62,927
9
VP,CFO,DIR
JB*
$33,110
10
CFO
B
$23,770

Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
DIR
S
$2,437,702
2
DIR,BO
JS*,S
$1,981,358
3
BO
AS
$1,232,036
4
VP,CFO
AS
$1,096,159
5
DIR
AS
$966,385
6
VCB,DIR
AS
$930,900
7
VP,GC,SEC
AS
$893,329
8
BO
S
$785,978
9
DIR
AS
$720,214
10
DIR,BO
AS
$716,283

Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes

An important note from Jonathan Moreland, founder of Insider Insights:

In a victory for common sense, it has been proven profitable -- by both academic studies and (more importantly) the experience of your fellow professional investors -- to monitor the trading behavior of company executives, directors, and large shareholders in the stocks of firms of which they're registered as "insiders."

Please note, however, that the lists above are strictly factual; they are 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.

At InsiderInsights.com, 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.

Jonathan Moreland is also the author of "Profit From Legal Insider Trading."
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No positions in stocks mentioned.
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