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Top Insider Trades 9/4/12: FB, EVER, FRX, RGS

|Includes: EVER, Facebook (FB), FRX, RGS

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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 Tuesday, September 4, 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, 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
Singh Alok DIR Everbank Financial EVER JB* $11,667,772
Birch Run Capital BO Regis RGS B $9,952,328
EMC BO VMware VMW B $3,998,980
Reynolds Barry D DIR ServiceSource International SREV B $3,236,736
Icahn Carl C BO Forest Laboratories FRX B $3,008,009
Danforth John C DIR Cerner CERN B $1,029,280
Parker Gerhard H DIR Applied Materials AMAT B $576,500
Empire Capital Mgt BO Sonus Networks SONS B $570,240
Gross Patrick W DIR Rosetta Stone RST B $499,827
Donatelli Thomas VP Signature SGGH B $310,000

Source: | Key to Insider Title and Trans Type Codes



Insider Sales
Doerr L John DIR Google GOOG AS $8,334,371
Moskovitz Dustin A BO Facebook FB S $8,272,095
Lacob Joseph DIR Align Technology ALGN S $4,949,948
Campo Richard J CB,CEO,DIR Camden Property Trust CPT S $4,861,920
Oden D Keith PR,DIR Camden Property Trust CPT S $4,861,920
Kellogg W K Foundation BO Kellogg K AS $4,416,990
Bezos Jeffrey P CB,CEO,PR,BO Amazon Com AMZN AS $4,195,750
Oberfeld Steven J VP Sherwin Williams SHW S $3,823,663
Marriott Stephen G BO Marriott International MAR S $3,147,120
Inmobiliaria Carso SA BO Saks SKS S $2,650,091

Source: | Key to Insider Title and Trans Type Codes