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Top Insider Trades 7/29/13: FCX, NBR, OMEX, FB

|Includes:FB, Freeport-McMoRan Inc. (FCX), NBR, OMEX

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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 Monday, July 29, 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
Flores James C VCB,DIR FMc Cop & Gold FCX B $14,821,062
Kotts John P DIR Nabors Industries NBR B $1,794,350
Fain Richard D CB,CEO,DIR Royal Caribbean RCL B $986,776
Steel Excel BO Forbes Energy FES B $440,875
Justh Mark B DIR Odyssey Marine OMEX B $249,750
Ellis Stephen A DIR Schwab Charles SCHW B $242,000
Morgan John L CB,CEO,BO Winmark WINA B $137,100
Green World Tr BO Neah Power NPWZ JB* $117,755
Wolf Howard DIR Nabors Industries NBR B $103,474
Ferris Roger G DIR Baylake BYLK B $75,385

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 $78,369,013
Schroepfer Michael CTO Facebook FB AS $9,155,088
De Vries Glen M PR,DIR Medidata MDSO AS $5,094,020
Mastercard Fdn BO Mastercard MA S $3,824,763
Koch Jonathan DIR Ren Energy REGI AS $3,754,682
Teuber William VCB EMC EMC S $2,648,800
Berman Steven L CEO,DIR,BO Dorman Products DORM AS $1,924,140
Soros Fund Mgt BO EXAR EXAR S $1,702,392
Winslow Barry N VCB,DIR TCF Financial TCB S $1,650,000
Jones Paul W CB,DIR,BO Smith A O AOS S $1,633,680

Source: | Key to Insider Title and Trans Type Codes

Stocks: FCX, NBR, OMEX, FB