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There are many different strategies to trade stocks and one of them is to find the insider trading of stocks. When corporate insiders trade in their own securities, they must report their trades to the Securities and Exchange Commission (SEC), usually within a few business days of the trade. Insider trading cannot be based on material non-public information. However, many investors believe that corporate insiders may have better insight into the growth of the company and its proceedings.

In this article, I will focus on notable insider buy transactions filed at the Securities and Exchange Commission on July 24, 2012. I have also included key financial metrics for each of the company. You can use this list as a potential starting point for your analysis.

Definition of Insider: Corporate insiders are either a company's officers, directors, or any beneficial owners of more than ten percent of a class of the company's equity securities registered under Section 12 of the Securities Exchange Act of 1934.

Rule 10b5-1 Definition: A rule established by the SEC that allows insiders of publicly-traded corporations to create a trading plan of when and how to buy or sell shares in that company. Rule 10b5-1 allows major holders to buy or sell a predetermined number of shares at a predetermined time. 10b5-1 plans are used by many corporate insiders to avoid the accusations of insider trading, regardless of what nonpublic knowledge he/she may later come to possess.

1. Yahoo! Inc (NASDAQ:YHOO): Yahoo! operates as a digital media company that delivers personalized digital content and experiences through various devices worldwide. Yahoo! has a market cap of $18.87 billion and is currently trading around $15.43 with a 52-week range of $11.09 to $16.79. The stock has fallen 4.34% year to date.

According to SEC filing on July 24, 2012, Yahoo! had two insiders combine purchased a total of 2,524,000 shares at a total value of $39,809,430. Multiple insider purchases are usually a positive sign. Over the past three months, there have been a total of 24 insider transactions with 21 Buy transactions. Key financial metrics for Yahoo! is given below:

The following chart provides the insider trading summary for a three-month and 12-month period.

2. Navistar International Corp (NYSE:NAV): Navistar manufactures and sells commercial and military trucks, buses, diesel engines, recreational vehicles (RVs), and chassis, as well as provides service parts for trucks and trailers. Navistar has a market cap of $1.58 billion and is currently trading around $23.02 with a 52-week range of $20.21 to $54.86.The stock has fallen 39.23% year to date.

According to SEC filing on July 24, 2012, Icahn Carl C (Beneficial Owner) purchased a total of 688,371 shares at a total value of $15,751,189. Please refer footnotes from Form 4 for more detail about this transaction. Over the past three months, there have been a total of 10 insider transactions and all of them are Buy transactions. Key financial metrics for Navistar is given below:

The following chart provides the insider trading summary for a three-month and 12-month period.

3. TCF Financial Corporation (NYSE:TCB): TCF Financial Corporation operates as the bank holding company for TCF National Bank that provides various retail and commercial banking products and services in the United States and Canada. TCF Financial has a market cap of $1.62 billion and is currently trading around $9.98 with a 52-week range of $8.61 to $13.11.The stock has fallen 3.29% year to date.

According to SEC filing on July 24, 2012, Rohde Mark W (Managing Director Retail Lending) purchased a total of 10,000 shares at a total value of $99,900. Over the past three months, there have been a total of 24 insider transactions with 19 Buy transactions. Key financial metrics for TCF Financial is given below:

The following chart provides the insider trading summary for a three-month and 12-month period.

4. Valhi, Inc (NYSE:VHI): Valhi operates in the chemicals, component products, and waste management businesses. Valhi has a market cap of $3.75 billion and is currently trading around $11.07 with a 52-week range of $10.67 to $21.69. The stock has fallen 45.09% year to date.

According to SEC filing on July 24, 2012, Simmons Harold C (Chairman of the Board) purchased a total of 5,000 shares at a total value of $58,000. Please refer footnotes from Form 4 for more detail about this transaction. Over the past three months, there have been a total of 38 insider transactions and all of them are Buy transactions. Key financial metrics for Valhi is given below:

The following chart provides the insider trading summary for a three-month and 12-month period.

Sources: Some of the data is sourced from Google Finance, Nasdaq, Finviz, Fidelity and SEC.gov.

Additional Disclosure: I change my positions very frequently and may initiate either long or short positions in the above mentioned stocks at any time.

Disclaimer: I am not a registered investment advisor and do not provide specific investment advice. The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities. Before buying or selling any stock you should do your own research and reach your own conclusion. It is up to investors to make the correct decision after necessary research. The information and data is believed to be accurate, but no guarantees or representations are made.

Source: Notable Insider Buys Filed On July 24