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Top Insider Trades 1/2/14: RTRX, WHLR, REED, MRVC

|Includes: MRVC, REED, Retrophin, Inc. (RTRX), WHLR

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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 Thursday, January 2, 2014 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
Dfr BO CIFC CIFC JB* $9,000,000
Shkreli Martin CEO,DIR,BO Retrophin RTRX JB* $1,050,000
Wheeler Jon S CEO,CB,DIR Wheeler Reit WHLR JB* $982,300
Frost Phillip Md CEO,CB,BO Opko Health OPK B $639,302
Linesch James CFO Reeds REED B $207,273
Miller Lloyd I Iii BO MRV Communications MRVC B $187,780
Kersten Geert R CEO,DIR Cel Sci CVM B $180,000
Prescott Capital BO Comstock Hldg CHCI B $178,496
Foster Vincent CEO,PR,DIR Main Street Cap MAIN JB* $168,787
Marx Moses DIR,BO Berkshire Bancorp BERK B $108,953

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Cetin Erdogan DIR,BO Ucp UCPH JS* $21,900,000
Freund Charles R PR Fleetcor Tech FLT AS $8,560,078
Feld Peter A DIR Integrated Device IDTI S $4,333,924
Tanasijevich George PR,CEO Las Vegas Sands LVS S $3,704,287
Wright James F DIR Tractor Supply TSCO AS $2,722,181
Ba Capital DIR Cumulus Media CMLS S $1,522,660
McAdam John CEO,DIR F5 Networks FFIV AS $1,440,000
James Hamilton E DIR Costco Wholesale COST S $1,414,153
Schroepfer Michael CTO Facebook FB AS $1,372,500
Fievez Michel VP Schweitzer Mauduit SWM AS $1,009,858

Source: | Key to Insider Title and Trans Type Codes