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Top Insider Trades 9/6/12: SIRI, VMW, SHLD, CACC

|Includes:CACC, SHLD, Sirius XM Holdings Inc. (SIRI), VMW

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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 Thursday, September 6, 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 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.

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 support@insiderinsights.com with any questions on our proprietary insider data, and how it is best analyzed.

 

 

Insider Purchases
FILER NAME INSIDER TITLES COMPANY NAME TICKER TRANS
TYPE
DOLLAR VALUE
Liberty Media BO Sirius Xm Radio SIRI B $13,933,540
EMC BO VMware VMW B $3,998,393
Sutter Hill Ventures BO Mattersight MATR B $2,009,691
Coxe Tench DIR,BO Mattersight MATR B $1,137,188
Starboard Value BO Wausau Paper WPP B $727,356
Coliseum Capital Mgt BO Lhc LHCG B $609,687
Malcolm Mark PR,CEO,DIR Tower International TOWR B $534,445
SPH Group BO Dgt DGTC B $492,565
Thomas James A CB,PR,CEO Thomas Properties TPGI B $476,539
Hunckler William J III DIR Tuesday Morning TUES B $422,213

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

 

 

Insider Sales
FILER NAME INSIDER TITLES COMPANY NAME TICKER TRANS
TYPE
DOLLAR VALUE
Esl Investors BO Sears SHLD S $126,590,720
Foss Donald A CB,DIR,BO Credit Acceptance CACC JS* $21,844,800
Kao Min H CEO Garmin GRMN AS $19,230,576
Nusz Thomas B CB,PR,CEO Oasis Petroleum OAS S $11,322,626
Ifis O Hersha Hospitality Trust HT JS* $9,720,000
Hoffman Reid DIR,BO Linkedin LNKD AS $8,427,457
Weiner Jeff CEO,DIR Linkedin LNKD AS $7,990,440
Nishar Dipchand VP Linkedin LNKD AS $7,704,780
Belair Scott A DIR Urban Outfitters URBN S $7,556,000
Artiman BO Invensense INVN AS $6,326,260

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

Stocks: SIRI, VMW, SHLD, CACC