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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 (market cap greater than $250 million) filed at the Securities and Exchange Commission on July 26, 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. Opko Health Inc. (OPK): Opko Health is a pharmaceutical and diagnostics company, engages in the discovery, development, and commercialization of novel and proprietary technologies primarily in the United States, Chile, and Mexico. Opko Health has a market cap of $1.30 billion and is currently trading around $4.41 with a 52-week range of $3.49-$5.85. The stock has fallen 10% year to date.

According to SEC filing on July 26, 2012, Frost Phillip MD ET AL (CEO & Chairman) purchased a total of 65,000 shares at a total value of $286,033. Over the past three months, there have been a total of 55 insider transactions and all of them are buy transactions. Key financial metric for Opko Health is given below:

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

2. First Horizon National Corporation (FHN): First Horizon National operates as a bank holding company for First Tennessee Bank National Association that provides various financial services. First Horizon National has a market cap of $2.05 billion and is currently trading around $8.22 with a 52-week range of $5.38-$10.99.

According to SEC filing on July 26, 2012, First Horizon National had two insiders combine purchased a total of 42,500 shares at a total value of $340,171. Multiple insider purchases are usually a positive sign. Over the past three months, there have been a total of five insider transactions with four buy transactions. Key financial metric for First Horizon National is given below:

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

3. Fuel Systems Solutions Inc (FSYS): Fuel Systems Solutions engages in the design, manufacture, and supply of alternative fuel components and systems for use in the transportation, industrial, and power generation markets worldwide. Fuel Systems Solutions has a market cap of $353.28 million and is currently trading around $17.65 with a 52-week range of $14.02-$29.41.

According to SEC filing on July 26, 2012, Douglas Kevin (Group Relations) purchased a total of 30,200 shares at a total value of $499,508. Please refer footnotes from Form 4 for more detail about the ownership. Over the past three months, there have been a total of 13 insider transactions and all of them are buy transactions. Key financial metric for Fuel Systems Solutions is given below:The following chart provides the insider trading summary for three-month and 12-month periods.

4. Boyd Gaming Corporation (BYD): Boyd Gaming operates as a multi-jurisdictional gaming company in the United States. Boyd Gaming has a market cap of $490.09 million and is currently trading around $5.66 with a 52-week range of $4.12-$9.81.The stock has fallen 24.13% year to date.

According to SEC filing on July 26, 2012, Boyd Gaming Corporation had two insiders combine purchased a total of 3,000 shares at a total value of $16,030. Multiple insider purchases are usually a positive sign. Over the past three months, there have been a total of four insider transactions and all of them are buy transactions. Key financial metric for Boyd Gaming Corporation is given below:

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

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 26