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Top Insider Trades 1/30/13: JPM, FB, IBM, RJF

|Includes: FB, IBM, JPMorgan Chase & Co. (JPM), RJF

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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 30, 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
Battery Ventures IX BO Champions Oncology CSBR JB* $3,500,000
Seidner Marc P O Pimco Dyn Cr Inc Fd PCI JB* $1,000,000
Benson Buzz DIR Liposcience LPDX JB* $450,000
Flynn Timothy P DIR JPMorgan Chase JPM B $316,778
Ackerman Joel CEO,DIR Champions Oncology CSBR JB* $250,000
Morris Ronnie PR,DIR Champions Oncology CSBR JB* $250,000
Simmons Harold C CB,DIR,BO Valhi VHI B $164,914
Breya Margaret A VP,SO Informatica INFA B $144,840
Boyle David P VP,CFO Orrstown Financial ORRF B $105,888
Farris John R DIR Farmers Capital Bank FFKT B $98,594

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Schmidt Eric E CB,DIR Google GOOG AS $49,607,249
Mastercard Fdn BO Mastercard MA S $18,410,622
James Thomas A CB,DIR,BO Raymond James RJF S $13,368,531
Schroepfer Michael VP Facebook FB AS $2,254,362
Ullyot Theodore W VP,GC,SEC Facebook FB AS $2,187,356
Daniels Michael E VP IBM IBM S $2,160,325
Guyaux Joseph C VCB Pnc Financial PNC S $1,859,130
Addington Hills BO Ixia XXIA S $1,535,672
Shriram Kavitark R DIR Google GOOG AS $1,517,767
GMT Capital BO Kraton Polymers KRA S $1,498,416

Source: | Key to Insider Title and Trans Type Codes