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Top Insider Trades 4/30/13: ACW, FDO, IVC, SPB

|Includes: Accuride Corporation (ACW), FDO, IVC, SPB

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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, April 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
Glaxosmithkline BO Theravance THRX JB* $6,699,216
Harbinger BO Spectrum Brands SPB B $5,963,565
Littlejohn Opp Fd BO Accuride ACW B $583,466
Mixon Aaron M CB,DIR Invacare IVC B $572,621
Bernick Howard B DIR Mead Johnson Nutr MJN B $289,244
Frost Phillip Md CEO,CB,BO Opko Health OPK B $171,592
Kumar Ganesh CFO,VP Oriental Financial OFG JB* $132,765
Jenkins Benjamin DIR Capital One Finl COF B $124,549
Rimmer Roy T Jr BO Tel Offshore Trust TELOZ B $121,954
Raskind Peter E DIR Capital One Finl COF B $114,340

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Garden Edward P DIR Family Dollar FDO S $5,006,958
Sawyer James S VP,CFO Praxair PX S $4,299,556
Jacobson Mitchell DIR,BO MSC Industrial MSM S $2,994,918
Kratochvil Jim M CFO Berry Plastics BERY S $2,746,294
Krell Edward M CEO,DIR Destination Maternity DEST S $2,087,482
Christian David A VP,CEO Dominion Resources D S $1,836,480
Housenbold Jeffrey PR,CEO,DIR Shutterfly SFLY AS $1,599,444
Kuepfer Marco VP,FO,TR Philip Morris Intl PM S $952,059
Care Capital II BO Acura Pharm ACUR S $886,650
Sider Scott P PR Hertz Global HTZ AS $818,064

Source: | Key to Insider Title and Trans Type Codes