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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. There are many reasons for insiders to sell their shares, but there is only one reason to buy. However, investors generally look for insiders selling pattern to get better insight on the company.

In this article, I will focus on notable insider sell transactions from mid-cap and large-cap companies (market cap greater than $2 billion) filed at the Securities and Exchange Commission on August 09, 2012. I have also included the key financial metrics for the first three companies. 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 whenand 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. Juniper Networks, Inc (JNPR): Juniper Networks designs, develops, and sells products and services that provide network infrastructure for networking requirements of service providers, enterprises, governments, and research and public sector organizations worldwide. Juniper Networks has a market cap of $10.27 billion and is currently trading around $19.4 with a 52-week range of $14.01 to $25.60. The stock has fallen 4.95% year to date.

According to SEC filings on August 09, 2012, Stensrud William (Director) sold a total of 15,000 shares at a total value of $286,533. Over the past three months, there have been a total of 11 insider transactions with 7 Sell transactions. The key financial metrics for Juniper Networks are given below:

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

2. Lamar Advertising Company (LAMR): Lamar Advertising provides outdoor advertising services. Its outdoor advertising displays include billboards, such as bulletins, posters, and digital billboards; and logo signs to advertise nearby gas, food, camping, lodging, and other attractions. Lamar Advertising has a market cap of $3.14 billion and is currently trading around $33.65 with a 52-week range of $16.49 to $35.99. The stock has gained 22.36% year to date.

According to SEC filings on August 09, 2012, Abrams Capital Management, L.P. (Beneficial Owner) sold a total of 559,619 shares at a total value of $18,602,115. Over the past three months, there have been a total of 10 insider transactions with 3 Sell transactions. The key financial metrics for Lamar Advertising are given below:

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

3. Align Technology, Inc (ALGN): Align Technology designs, manufactures, and markets the invisalign system for treating malocclusion or the misalignment of teeth. Align Technology has a market cap of $2.82 billion and is currently trading around $34.72 with a 52-week range of $14.25 to $36.10. The stock has gained 46.34% year to date.

According to SEC filings on August 09, 2012, Lacob Joseph (Director) sold a total of 300,000 shares at a total value of $10,490,372. Over the past three months, there have been a total of 25 insider transactions with 17 Sell transactions. The key financial metrics for Align Technology are given below:

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

Other notable insider selling transactions (minimum of 10,000 shares) from large-cap and mid-cap companies filed at the SEC on August 09, 2012 are as follows:

4. Western Refining, Inc (WNR): Western Refining operates as an independent crude oil refiner and marketer of refined products. Western Refining has a market cap of $2.42 billion and is currently trading around $26.69 with a 52-week range of $11.17 to $26.91. The stock has gained 100.83% year to date. According to SEC filings on August 09, 2012, Weaver Scott D (Vice President, Assistant Treasurer) sold a total of 105,941 shares at a total value of $2,756,776.

5. AECOM Technology Corp (ACM): AECOM Technology provides professional technical and management support services for commercial and government clients worldwide. AECOM Technology has a market cap of $2.15 billion and is currently trading around $19.08 with a 52-week range of $14.50 to $24.28. The stock has fallen 7.24% year to date. According to SEC filings on August 09, 2012, Tishman Daniel R (Vice Chairman) sold a total of 100,000 shares at a total value of $1,904,945, through Rule 10b5-1 trading plan.

6. OGE Energy Corp (OGE): OGE Energy operates as an energy and energy services provider that offers physical delivery and related services for electricity and natural gas primarily in the south central United States. OGE Energy has a market cap of $5.01 billion and is currently trading around $54.63 with a 52-week range of $42.72 to $57.54. The stock has fallen 3.67% year to date. According to SEC filings on August 09, 2012, OGE Energy had nine insiders combined sell a total of 64,948 shares at a total value of $3,564,091. Multiple insider selling are usually a negative sign.

7. Skyworks Solutions Inc (SWKS): Skyworks Solutions offers analog and mixed signal semiconductors worldwide. Skyworks Solutions has a market cap of $5.53 billion and is currently trading around $29 with a 52-week range of $13.72 to $30.10. The stock has gained 78.79% year to date. According to SEC filings on August 09, 2012, Waters Gregory L (EVP & GM, Front-End Solutions) sold a total of 58,048 shares at a total value of $1,690,938.

8. PVH Corp (PVH): PVH Corp operates as an apparel company in the United States, Canada, Europe, and internationally. PVH Corp has a market cap of $5.92 billion and is currently trading around $84.08 with a 52-week range of $51.15 to $93.06. The stock has gained 19.28% year to date. According to SEC filings on August 09, 2012, PVH Corp had two insiders combined sell a total of 52,396 shares at a total value of $4,403,291, through Rule 10b5-1 trading plan.

9. Parametric Technology (PMTC): Parametric Technology develops, markets, and supports product lifecycle management software solutions and services that help companies design products, manage product information, and enhance product development processes worldwide. Parametric Technology has a market cap of $2.67 billion and is currently trading around $22.45 with a 52-week range of $14.25 to $28.95. The stock has gained 22.95% year to date. According to SEC filings on August 09, 2012, Dibona Anthony (EVP Global Maintenance Support) sold a total of 38,711 shares at a total value of $870,998, through Rule 10b5-1(c) trading plan.

10. Validus Holdings, Ltd (VR): Validus Holdings provides reinsurance and insurance coverage in the property, marine, and specialty lines markets worldwide. Validus Holdings has a market cap of $3.07 billion and is currently trading around $32.7 with a 52-week range of $23.24 to $33.53. The stock has gained 3.81% year to date. According to SEC filings on August 09, 2012, Mercer Stuart W (EVP, Chief Risk Officer) sold a total of 30,000 shares at a total value of $969,300.

11. Penn Virginia Resource Partners LP (PVR): Penn Virginia Resource Partners engages in the management of coal and natural resource properties; and gathering and processing of natural gas in the United States. Penn Virginia Resource Partners has a market cap of $1.94 billion and is currently trading around $24.58 with a 52-week range of $21.13 to $27.50. The stock has fallen 3.72% year to date. According to SEC filings on August 09, 2012, Horton Keith D (Executive Vice President & COO-Coal) sold a total of 10,000 shares at a total value of $241,700.

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 Large-Cap And Mid-Cap Insider Sells Filed On August 9