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Top Insider Trades 1/22/13: AEGR, VVTV, CCO, ALXA

|Includes:Aegerion Pharmaceuticals (AEGR), ALXA, CCO, EVLV

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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 Tuesday, January 22, 2013 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
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Lipinski John J CEO,PR,DIR CVR Refining CVRR JB* $5,000,000
Perceptive Advisors BO Aegerion Pharm AEGR B $1,381,000
Jernigan Wyatt E O CVR Refining CVRR JB* $1,250,000
Stewart Keith R CEO,DIR Valuevision Media VVTV B $240,430
Lawson Rodger A DIR Unitedhealth UNH B $108,840
Varley John S DIR Blackrock BLK B $99,742
Cannell Capital BO Multiband MBND B $79,858
Penn Arthur H CB,CEO,FO Pennantpark FR Cap PFLT JB*,B $37,220
Palmer Timothy A O Nuveen Cur Op Fd JGT B $26,559
Orr Sean F DIR Valuevision Media VVTV B $25,626

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Mason Capital BO Clear Channel CCO S $6,741,000
Addington Hills BO Ixia XXIA S $2,003,310
VA Retirement BO Blackrock Kelso Cap BKCC S $1,455,327
Tabat Dawn COO Generac GNRC AS $726,000
Lansdowne Part BO Alexza Pharm ALXA S $593,750
Domain Partners BO Cadence Pharm CADX AS $513,500
Klein Herbert C TT First RE Inv Tr NJ FREVS S $455,672
Boyd James P BO Therapeutic Sol TSOI JS* $335,988
Jacobs William I DIR Global Payments GPN S $300,096
Kos Kristian B DIR,BO Encompass Energy EESI JS* $249,970

Source: | Key to Insider Title and Trans Type Codes