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Top Insider Trades 12/13/12: CBRL, KAR, LYB, SYRG

|Includes: Cracker Barrel Old Country Store, Inc. (CBRL), KAR, LYB, SRCI

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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 Thursday, December 13, 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
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Biglari Sardar BO Cracker Barrel CBRL B $31,558,556
First Eagle Inv Mgt BO Aradigm ARDM JB* $5,000,000
Branch Gregory C DIR United Insurance UIHC B $2,213,008
Seward George L DIR Synergy Res SYRG B $753,960
Greehey William E DIR,BO Nustar Gp NSH B $696,208
Patel Nitesh DIR MVB Financial MVBF JB* $499,992
Hill Mark E DIR Interactive Intell ININ B $482,792
Osmium Partners BO Spark Networks LOV B $385,199
Adams Nicholas C FO First Opp Fund FOFI B $266,551
Martin William C BO Thestreet TST B $213,341

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Apollo Mgt Gp BO Lyondellbasell Ind LYB JS* $1,013,880,000
Kkr Fund O Avago Tech AVGO JS* $392,404,896
Kar II BO Kar Auction KAR JS* $259,461,568
Kelso Investment BO Kar Auction KAR JS* $110,053,664
Goldman Sachs BO Kar Auction KAR JS* $65,759,976
Li Jianquan CEO,DIR,BO Winner Medical WWIN JS* $60,811,060
Partridge John PR Visa V S $26,088,057
Gull Holdings BO Usana Health USNA S $20,080,194
Harrison Seth L DIR Heartware Intl HTWR S $14,313,675
Shriram Kavitark DIR Google GOOG AS $12,787,184

Source: | Key to Insider Title and Trans Type Codes