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Top Insider Trades 8/24/12: KSS, FB, FRX, MCP

Aug. 25, 2012 11:49 AM ETKSS, META
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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, August 24, 2012 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 InsiderInsights.com, 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 support@insiderinsights.com 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
Icahn Carl C BO Forest Laboratories FRX B $46,453,228
Bhappu Ross R DIR,BO Molycorp MCP JB* $25,000,000
Erbey William C DIR Home Loan Servicing HLSS B $657,225
Smith Mark A PR,CEO,DIR Molycorp MCP JB* $500,000
Gross Michael S CEO,PR,DIR Solar Senior Capital SUNS B $444,045
Wescombe Gary T DIR Healthcare Trust HTA B $276,600
Doolan Michael F VP,CFO Molycorp MCP JB* $250,000
Frost Phillip MD et al CEO,CB,BO Opko Health OPK B $144,771
Franklin Larry PR,CEO,DIR Harte Hanks HHS B $140,362
Gilchrist Corydon J DIR First Horizon National FHN B $127,260

Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Kellogg William S DIR Kohls KSS S $46,362,764
Lauder Ronald S CB,BO Estee Lauder EL S $33,031,960
Herma John F DIR Kohls KSS S $25,757,090
Wrc Refining PT Western Refining WNR S $21,570,486
Cook Scott D CB,DIR Intuit INTU AS $11,637,674
Moskovitz Dustin A BO Facebook FB S $8,738,085
Inmobiliaria Carso SA BO Saks SKS S $8,301,657
Reynolds Barry D DIR ServiceSource Intl SREV S $6,112,108
Gressier John CEO Axis Capital AXS S $2,526,600
Sommerhauser Peter M DIR Kohls KSS S $2,265,697

Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes

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