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Top Insider Trades 4/18/13: RLGY, CPN, CACC, AGCO

|Includes:AGCO, CACC, CPN, Realogy Holdings (RLGY)

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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, April 18, 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
Srinivasan Mallika DIR AGCO AGCO AB $6,712,030
Sofinnova Capital BO Omthera Pharm OMTH JB* $5,000,000
Stuka Paul DIR Inspiremd NSPR JB* $500,000
Bogan Thomas F DIR Rally Software RALY JB* $499,996
Goldstein Phillip DIR MVC Capital MVC B $172,829
Wolf Timothy V DIR Rally Software RALY JB* $119,994
Chp III BO Verastem VSTM B $53,489
Crupi Christopher CEO,DIR Paramount Gold PZG B $44,350
Calamos John P CB,CEO,BO Calamos Asset Mgt CLMS B $42,398
Schroepfer Mark DIR Winnebago WGO B $34,996

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Apollo Mgt Gp BO Realogy RLGY JS* $1,722,297,472
Lsp Cal I BO Calpine CPN JS* $209,600,000
Goode Chuy S BO Chuys CHUY JS*,S $92,432,073
Foss Donald A CB,DIR,BO Credit Accept CACC JS* $75,206,248
Luminus Energy BO Calpine CPN JS* $26,200,000
Hoffman Reid DIR,BO Linkedin LNKD AS $14,967,634
Weiner Jeff CEO,DIR Linkedin LNKD AS $6,645,556
Jacobson Mitchell DIR,BO MSC Industrial MSM S $3,910,998
Waldis Stephen G CEO,CB,DIR Synchronoss SNCR AS $1,482,850
Koch C James CB,DIR,BO Boston Beer SAM S $1,444,040

Source: | Key to Insider Title and Trans Type Codes