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Top Insider Trades 8/29/12: FB, FRX, FF, PANL

|Includes:Facebook (FB), FF, FRX, OLED

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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 professional investors.

Below are lists of the top 10 mainly open-market insider purchases and sales filed at the Securities and Exchange Commission Wednesday, August 29, 2012 as ranked by dollar value.

Please note, however, that these are factual lists (with edits to remove some noise), 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.

We should also point out that we are presently in a slow filing time for insiders because many companies still have their trading windows closed to their executives until their June quarter earnings are released.

But 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.

So use these regular blog posts as the initial research tools they are meant to be, and click the links in the tables to analyze a company's or insider's full insider history. Also feel free to email with any questions on our proprietary insider data, and how it is best analyzed.



Insider Purchases
Icahn Carl C BO Forest Laboratories FRX B $11,483,177
Discovery Global Opp Fd BO Universal Display PANL B $5,601,542
Reynolds Barry D DIR ServiceSource Intl SREV B $3,214,039
Neu Richard W CEO,DIR Mcg Capital MCGC B $329,478
Silberfein Andrew PR,CEO,DIR Rouse Properties RSE B $207,468
Crum John A PR,CEO,DIR Midstates Petroleum MPO B $200,638
Frost Phillip MD et al CEO,CB,BO Opko Health OPK B $200,622
SJ Strategic Investments BO Stellar Pharm SLXCF B $197,392
Morgan John L CB,CEO,BO Winmark WINA B $101,840
Wynnefield Sm Cap Value BO Summer Infant SUMR B $97,697

Source: | Key to Insider Title and Trans Type Codes



Insider Sales
Schmidt Eric E CB,DIR Google GOOG AS $34,228,358
Brown & Williamson BO Reynolds American RAI JS* $21,356,238
Moskovitz Dustin A BO Facebook FB S $8,651,880
Ramsey Craig DIR Salesforce Com CRM S $5,235,199
Revelation Sp Sit Fund BO Futurefuel FF JS* $4,323,043
Rose Edward W III DIR Drew Industries DW S $1,939,775
Krol John A DIR Delphi Automotive DLPH AS $1,911,018
Gleason George G II CB,CEO,BO Bank Of The Ozarks OZRK S $1,785,670
Byrd Vincent C PR,COO,DIR Smucker J M SJM S $1,632,896
Stryker Ronda E DIR Stryker SYK AS $1,451,772

Source: | Key to Insider Title and Trans Type Codes

Stocks: FB, FRX, FF, OLED