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Top Insider Trades 8/21/12: FRX, STRI, FB, FIS

|Includes: FB, FIS, Forest Laboratories, Inc. (FRX), STRI

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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, August 21, 2012 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
Icahn Carl C BO Forest Laboratories FRX B $67,057,652
Red Mountain Cap BO Str STRI B $3,247,724
Matthews Norman S CB,DIR Childrens Place Retail PLCE B $748,001
O Connell Michael BO RCM Technologies RCMT B $442,194
Frost Phillip MD CEO,CB,BO Opko Health OPK B $281,265
Gretsch Gregory C DIR Responsys MKTG B $244,880
Malpass David DIR New Mountain Finance NMFC B $234,665
Turner K Rick DIR Amerigas Partners APU B $165,055
Gross Michael S CEO,PR,DIR Solar Senior Capital SUNS B $143,272
Coliseum Capital DIR,BO Providence Service PRSC B $142,768

Source: | Key to Insider Title and Trans Type Codes



Insider Sales
S A C Capital Mgt DIR,BO Mmodal MODL JS*,S $245,844,078
Hagerty Thomas M DIR Fidelity National Info FIS S $75,987,280
Brown & Williamson BO Reynolds American RAI S $29,250,010
Moskovitz Dustin A BO Facebook FB S $8,830,215
McCormack Robert C DIR Illinois Tool Works ITW S $7,684,300
Tongue Glenn H DIR MRV Comms MRVC S $2,804,842
Cressey Bryan C DIR Select Medical SEM S $2,627,784
Green L Stephen DIR Active Network ACTV S $1,973,535
Taylor Anthony DIR Montpelier Re MRH S $1,597,635
Stryker Ronda E DIR Stryker SYK AS $1,471,692

Source: | Key to Insider Title and Trans Type Codes