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Top Insider Trades 11/22/13: OGEN, FOLD, ACHN, ZINC

|Includes:ACHN, FOLD, Oragenics, Inc. (OGEN), ZINCQ

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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, November 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
Kirk Randal J BO Oragenics OGEN JB* $3,106,225
Glaxosmithkline BO Amicus Therap FOLD JB* $3,000,000
Ra Capital Mgt BO Achillion Pharm ACHN B $2,826,275
Dalal Street BO Horsehead Hldg ZINC B $2,065,347
Peebles Douglas VP AB Nat Muni Inc Fd AFB B $727,812
Sagard Capital BO Innerworkings INWK B $723,774
Marubeni DIR,BO Aircastle AYR B $561,152
Simberg Bruce CB,DIR Federated National FNHC JB* $537,500
Textor Donald F DIR Eog Resources EOG B $503,309
Gianforte Greg DIR Fair Isaac FICO B $464,000
Click to enlarge

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
TPG Advisors Iii BO Quintiles Trans Q JS* $42,971,020
3i BO Quintiles Trans Q JS* $30,172,778
Lrp V Luxembourg BO Tesco TESO JS* $19,934,100
Wish Barry N DIR Ocwen Financial OCN S $13,381,330
Sandberg Sheryl COO,DIR Facebook FB AS $13,288,252
Stevens Jeff A CEO,DIR Western Refining WNR S $12,712,812
Franklin Resources BO Dynegy DYN S $10,662,146
Rabun Daniel W CEO,PR,CB Ensco ESV S $5,435,292
Welsh Carson BO Select Medical SEM S $5,060,225
Engquist John CEO,DIR,BO H & E Equipment HEES S $3,670,610
Click to enlarge

Source: | Key to Insider Title and Trans Type Codes