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Top Insider Trades 7/26/13: AAPL, GOOG, SALE, RWC

|Includes:Apple Inc. (AAPL), GOOG, RWC, SALE

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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 Friday, July 26, 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
JP Morgan Inv Mgt BO Retailmenot SALE JB* $18,900,000
Semechkin Andrey CEO,DIR,BO Intl Stem Cell ISCO JB* $899,850
Levenson Ryan BO Relm Wireless RWC B $490,912
Sixth Fl Investors DIR,BO Cellular Dynamics ICEL JB* $480,000
Herald Christopher PR,CEO,DIR Solitario Exploration XPL JB* $336,000
Becker Drapkin Mgt BO Special Div Opps SDIX B $325,048
Goodrich T Michael DIR Synovus Financial SNV JB* $309,000
Harrison Michael J DIR Select Comfort SCSS B $227,294
King Thomas B PR,CEO,DIR Alexza Pharm ALXA B $179,351
Lanznar Howard S VP,CAO,BO Diamond Resorts DRII JB* $168,000

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Schmidt Eric E CB,DIR Google GOOG AS $77,468,854
Oppenheimer Peter VP,CFO Apple AAPL AS $16,367,203
Dobkin Arkadiy CEO,PR,CB Epam Systems EPAM AS $3,019,036
Palmieri Paul J PR,CEO,DIR Millennial Media MM AS $2,632,652
McMorrow William CEO,DIR,BO Kennedy Wilson KW AS $1,960,788
Gorman Stephen E VP,COO Delta Air Lines DAL S $1,748,966
Apax Europe Iv Gp BO Xerium Tech XRM S $1,486,548
Hicks Muse Eq Fd BO Lin Tv TVL AS $1,019,537
Peters Lauren B VP,CFO Foot Locker FL AS $808,632
Sachs Bruce I DIR Vertex Pharm VRTX AS $709,621

Source: | Key to Insider Title and Trans Type Codes