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Top Insider Trades 5/16/14: GOGO, CIT, SGEN, LIQT

|Includes: CIT, Gogo (GOGO), LIQT, SGEN

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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, May 16, 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
Baker Felix DIR,BO Seattle Genetics SGEN B $6,460,552
Bernstein Jay Howard DIR Liquid LIQD B $2,313,378
Gross William H O Pimco DC Inc Fd PCI B $2,206,534
Small Robert J DIR Transdigm TDG B $2,153,976
Thain John A CB,CEO CIT CIT B $1,661,548
Gross William H O Pimco Dyn Inc Fd PDI B $1,511,689
Townsend Charles C DIR GOGO GOGO B $1,288,802
Alala Joseph B Iii DIR Capitala Finance CPTA B $994,406
Francescani David DIR Liquid LIQD B $750,000
Broadwood Part DIR,BO Biotime BTX JB* $735,000

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Argyros Julia Ann BO DST Systems DST JS* $632,004,608
Nadal Miles CB,CEO,BO MDC Partners MDCA JS* $80,990,000
Page Lawrence CEO,DIR,BO Google GOOG AS $34,909,800
Goel David E DIR Popular BPOP S $13,464,295
Shearer Richard J CEO,DIR Emerge Energy EMES S $9,489,677
Commscope of NC BO Hydrogenics HYGS JS* $7,500,000
Zarley James R CB,DIR Conversant CNVR JS* $4,510,800
Ungaro Peter J CEO,DIR CRAY CRAY AS $3,969,519
Boyd Jeffery H DIR Priceline PCLN AS $3,404,477
Torres S Edward DIR Receptos RCPT S $2,465,494

Source: | Key to Insider Title and Trans Type Codes