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Top Insider Trades 4/19/13: WAG, LEI, FCEL, HBAN

|Includes: CEI, FCEL, HBAN, Walgreens Boots Alliance, Inc. (WBA)

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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, April 19, 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
Pessina Stefano DIR Walgreen WAG JB* $4,049,998
Srinivasan Mallika DIR AGCO AGCO AB $2,574,021
Meson Capital CP BO Lucas Energy LEI B $219,779
Rolls John A CB,DIR Fuelcell Energy FCEL B $183,480
Cruickshank Robert DIR Hurco Companies HURC B $116,733
Gerson James D DIR Fuelcell Energy FCEL B $90,000
Steel Excel BO Forbes Energy FES B $67,809
Clarke John K DIR Verastem VSTM B $53,489
Steinour Stephen PR,CEO,CB Huntington Bancsh HBAN B $52,710
Gabelli Mario J O Gamco NR Gld & Inc GNT B $33,776

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 Evertec EVTC JS* $259,672,464
Smith Thomas W BO Credit Acceptance CACC JS* $75,206,254
Bell Leonard CEO,DIR Alexion Pharm ALXN AS $3,326,400
Nierenberg Inv Mgt BO Asset Accept Cap AACC S $2,053,043
El Hibri Fuad CB,DIR,BO Emergent Bio EBS S $1,726,941
Stryker Ronda E DIR Stryker SYK AS $1,343,808
Morfit G Mason DIR Bard C R BCR S $1,109,809
Care Capital II BO Acura Pharm ACUR S $1,071,201
Claudius BO Acura Pharm ACUR S $765,094
Stevens William E DIR McCormick & Co MKC S $527,698

Source: | Key to Insider Title and Trans Type Codes