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Top Insider Trades 9/9/13: KMI, NAV, AXS, GUID

|Includes: AXS, GUID, Kinder Morgan, Inc. (KMI), NAV

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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 Monday, September 9, 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
Kinder Richard D CB,CEO,BO Kinder Morgan KMI B $17,868,750
Rachesky Mark DIR,BO Navistar Intl NAV B $14,127,681
Gressier John CEO Axis Capital AXS B $7,474,562
Crosslink Capital O Equinix EQIX B $3,531,682
Public Storage BO PS Bus Parks PSB B $1,578,194
Raquet Walter F DIR,BO Green Earth Tech GETG JB* $800,000
RGM Capital BO Guidance Soft GUID B $767,762
Marubeni DIR,BO Aircastle AYR B $520,745
Siemer Arnold B DIR,BO Commercial Vehicle CVGI B $349,392
RGM Capital BO Accelrys ACCL B $303,380

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Gates William H Iii DIR Microsoft MSFT AS $156,248,496
Lampert Edward S BO Autonation AN S $92,350,680
Penske Roger S CB,CEO,BO Penske Automotive PAG S $9,593,032
Lund Steven CB,DIR Nu Skin Enterprises NUS S $4,045,290
Bonvanie Rene SO Palo Alto Networks PANW AS $3,484,590
Live Oak Trust O Egain EGAN S $3,309,816
Pyne J H CB,CEO,DIR Kirby KEX S $3,269,640
Kellum Danny L VP,OO Pioneer Nat Res PXD S $3,000,002
Nishar Dipchand VP Linkedin LNKD AS $2,810,173
Brown James DIR FXCM FXCM S $2,726,211

Source: | Key to Insider Title and Trans Type Codes