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Top Insider Trades 6/3/14: KMI, RESN, RTRX, MBI

|Includes: Kinder Morgan, Inc. (KMI), MBI, RESN, RTRX

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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 3, 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
Sarofim Fayez DIR Kinder Morgan KMI B $6,698,280
Lone Wolf BO Resonant RESN JB* $1,002,000
Brown Joseph W CEO,DIR Mbia MBI B $728,021
Pope Inv II BO China Yida Holding CNYD B $590,115
Coates George J PR,DIR,BO Coates Intl Ltd De COTE JB* $369,726
Galvin Walter J DIR Ameren AEE B $359,986
Sakellaris George CEO,DIR,BO Ameresco AMRC B $322,600
Aubrey William E II DIR Peoples Financial PFIS B $315,529
Webb H Lawrence CEO,DIR New Home Co NWHM B $290,632
Moore Constance B DIR Civeo CVEO B $250,170

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Brin Sergey F,DIR,BO Google GOOG AS $91,813,464
Arison Micky Meir CB,DIR,BO Carnival CCL AS $9,977,310
Franklin Res BO Dynegy DYN S $9,774,214
Penske Roger S CB,CEO,BO Penske Automotive PAG S $9,014,850
Ritchey Raymond A VP Boston Properties BXP S $6,312,904
Roberts Bryan E DIR Ironwood Pharm IRWD S $5,969,956
Ma 1994 B Shares O Carnival CCL AS $5,791,630
Durcan Dermot Mark CEO,DIR Micron Technology MU AS $5,684,700
Wicki Andreas DIR Pacira Pharm PCRX AS $5,486,706
Shkreli Martin CEO,DIR,BO Retrophin RTRX S $4,426,936

Source: | Key to Insider Title and Trans Type Codes