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Top Insider Trades 6/4/14: SGEN, EOX, TGT, JMP

|Includes: EOX, JMP, Seattle Genetics, Inc. (SGEN), TGT

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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 Wednesday, June 4, 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 $9,828,093
Edelman & Guill BO Emerald Oil EOX B $625,176
Austin Roxanne S DIR Target TGT B $567,796
Lazarus Mgt Co BO Growblox Sciences GBLX JB* $500,000
Rowlands Sharon T CEO,DIR Reachlocal RLOC B $490,792
Jolson Joseph A CEO,DIR,BO JMP JMP AB $377,251
Beer Marc D CEO,DIR Aegerion Pharm AEGR B $301,200
Webb H Lawrence CEO,DIR New Home Co NWHM B $262,148
Mill Road Capital BO Cache CACH B $220,000
Miller Steve COO Catalyst Pharma CPRX B $216,990

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Sin Ong Tiong BO Cheniere Energy CQP JS* $292,230,016
Fifth Third Banc DIR,BO Vantiv VNTV JS* $178,370,800
Svlsf Iv BO Ophthotech OPHT S $75,828,246
Franklin Res BO Dynegy DYN S $9,309,901
Ortenzio Rocco A VCB,F,DIR Select Medical SEM AS $6,448,730
Nemerov Jackwyn PR,COO,DIR Ralph Lauren RL S $4,200,565
Gracias Antonio J DIR Tesla Motors TSLA AS $3,068,556
Rose Stuart A CEO,DIR,BO Rex American REX S $2,514,176
Kerley Gregory D DIR Southwestern Energy SWN S $2,320,500
Souki Charif CB,CEO,PR Cheniere Energy LNG AS $2,058,000

Source: | Key to Insider Title and Trans Type Codes