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Top Insider Trades 6/4/13: IRC, FXCM, HHC, HYB

|Includes: GLBR, HHC, HYB, Inland Real Estate Corporation (IRC)

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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, June 4, 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
Hirsch Russell C DIR,BO Baxano Surgical BAXS JB* $4,582,358
Young Roderick A DIR Baxano Surgical BAXS JB* $3,055,278
Miller Lloyd I Iii BO Selectica SLTC JB* $1,135,015
Goodwin Daniel L DIR,BO Inland Real Estate IRC JB* $1,060,000
Weinreb David CEO,DIR Howard Hughes HHC B $995,634
Red Oak Partners DIR,BO Asure Software ASUR JB* $499,995
Korman Bernard J DIR New Amer Hi Inc HYB B $498,812
Frost Phillip Md CEO,CB,BO Opko Health OPK B $391,808
Naphtha Holding BO Isramco ISRL B $343,392
Mark Reuben DIR Cabelas CAB B $334,458

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Brown & Williamson BO Reynolds Amer RAI S $13,480,594
Charlestone Venture BO FXCM FXCM S $10,466,834
Mackey John P CEO Whole Foods WFM S $10,459,700
Souki Charif CB,CEO,PR Cheniere Energy LNG AS $9,688,350
Asherman Philip K PR,CEO,DIR Chicago Bridge CBI AS $4,663,367
Av Partners VIII BO Homeaway AWAY S $3,128,400
Rajkovic Michael VP,COO Tower Intl TOWR S $2,781,891
Evnin Luke DIR Pacira Pharm PCRX AS $2,462,160
Thompson Family BO Thor Industries THO AS $2,153,630
Brown Donald E CB,CEO,BO Interactive Intel ININ S $1,818,967

Source: | Key to Insider Title and Trans Type Codes