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Top Insider Trades 1/15/14: WEN, GLYC, DDR, RTRX

|Includes:DDR, GLYC, RTRX, The Wendy's Company (WEN)

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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 Wednesday, January 15, 2014 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
Barrett M James DIR,BO Glycomimetics GLYC JB* $8,000,000
Fitzpatrick Frank CFO Balchem BCPC AB,JB* $957,536
Otto Alexander BO DDR DDR B $692,789
Osmium Partners BO Spark Networks LOV B $509,079
Heinemann S BO Network 1 Tech NTIP B $93,119
Shkreli Martin CEO,DIR,BO Retrophin RTRX B $86,694
Artinian Ronald J DIR Commonwealth Reit CWH B $22,750
Tata Ratan DIR Alcoa AA B $20,864
Sorrell Martin DIR Alcoa AA B $20,285
Fuller Kenneth DIR WAC Infl Lkd Sec WIA B $19,199

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Trian Fund Mgt BO Wendys WEN S $288,360,000
Page Lawrence CEO,DIR,BO Google GOOG AS $37,950,830
Goldfarb Morris CEO,DIR,BO G III Apparel GIII S $14,180,160
Hadley Philip A CEO,CB,DIR Factset Research FDS S $12,374,954
Jacobson Mitchell DIR,BO MSC Industrial MSM S $7,794,134
Brown Williamson BO Reynolds Amer RAI S $7,539,568
Dolby Dagmar BO Dolby Labs DLB AS $2,863,360
Newberry Stephen CB,DIR Lam Research LRCX AS $2,750,000
Still George J Jr DIR Workday WDAY AS $2,700,000
Nada Hany DIR Glu Mobile GLUU AS $2,392,524

Source: | Key to Insider Title and Trans Type Codes