Welcome to our daily roundup of top insider trades. Here's a look at the most significant inside sales and purchases filed with the SEC on Wednesday April 17 2013.
Purchases At agricultural equipment company AGCO Corporation ( AGCO ) Director Mallika Srinivasan again bought stock purchasing 50 338 shares for $2 436 359. She is also the Chairman and CEO of Chennai India based Tractors and Farm Equipment Limited which is the second largest tractor manufacturer in India the first being competitor Mahindra Mahindra (BOM 500520). This purchase of AGCO stock marks Srinivasan's 12th since the beginning of 2013.
Sol Barer a Director of medical device company InspireMD Inc. (NYSEAMEX NSPR) bought 750 000 shares of company stock for $1 500 000. The company focuses on the development and commercialization of a stent platform technology called MGuard. A stent is a mesh tube that can be inserted into a natural passage of the body such as an artery to prevent a disease induced localized flow constriction they are commonly used in the angioplasty procedure which restores blood flow through narrow or blocked arteries. On April 16 the company announced the closing of an underwritten public offering of 12.5 million common stock shares at $2.00 per share raising $22.6 million in net proceeds. In part the company will use the proceeds to support the global commercialization of its MGuard stent product.
Sales Energy drink company Monster Beverage Corporation ( MNST ) saw two insider sales Vice Chairman and President Hilton Schlosberg sold 30 000 shares at $55.68 each for $1 682 268 and Chairman and CEO Rodney Sacks sold 30 000 shares at $55.67 each for $1 682 000. In the last month the company's stock price has increased by 17.3% though it is down 12.05% from this time last year.
Jeffrey Williams the Senior Vice President of Operations at Apple ( AAPL ) sold 2 174 shares of company stock for $923 287. Williams is responsible for managing the company's huge supply chain and production process which includes crucial oversight of Foxconn (TPE 2354). As of now the company' stock price is $396.91 down $210 and 34.53% since this time last year. Rumors have surfaced today from AppleInsider about the iPad 5 citing a note to investors written by Ming Chi Kuo of KGI Securities. In the note Kuo said We think the tablet will at 7.5 8.0 mm be 15% thinner than iPad. Kuo also believes that the device will use less battery power.
Insider Purchases Filer Name Insider Titles Company Name Ticker Trans Type Dollar Value
1
Harbinger
BO
Spectrum Brands
SPB
B
$5 158 450
2
New Enterprise
BO
Omthera Pharm
OMTH
JB
$5 000 000
3
Naphtha Holding
BO
Isramco
ISRL
JB
$2 699 125
4
Srinivasan Mallika
DIR
AGCO
AGCO
AB
$2 436 359
5
Barer Sol J
DIR
Inspiremd
NSPR
JB
$1 500 000
6
Lanigan Bernard Jr
DIR
Texas Ind
TXI
B
$587 525
7
Fishman Arnold L
DIR
Aerovironment
AVAV
B
$459 295
8
Goldstein Phillip
DIR
MVC Capital
MVC
B
$320 241
9
Milinazzo Alan
PR CEO DIR
Inspiremd
NSPR
JB
$200 000
10
Goldman Sachs
BO
MRC Global
MRC
JB
$197 063
Insider Sales Filer Name Insider Titles Company Name Ticker Trans Type Dollar Value1
Popular
DIR BO
Evertec
EVTC
JS
$176 013 184
2
Jean Coutu (Pjc$4
BO
Rite Aid
RAD
S
$159 581 120
3
Hoyt David A
VP
Wells Fargo
WFC
S
$4 625 050
4
Sze David L
DIR
LNKD
AS
$2 876 646
5
Schlosberg Hilton
VCB PR DIR
Monster Beverage
MNST
AS
$1 682 268
6
Sacks Rodney C
CB CEO DIR
Monster Beverage
MNST
AS
$1 682 000
7
Gamson Michael
VP
LNKD
AS
$1 578 910
8
Grapstein Steven H
DIR
Tesoro Corp New
TSO
AS
$987 950
9
Levchin Max R
DIR BO
YELP
YELP
AS
$943 217
10
Williams Jeffrey E
VP
Apple
AAPL
AS
$923 287
Source InsiderInsights.com Key to Insider Title and Trans Type Codes
An important note from Jonathan Moreland founder of Insider InsightsIn a victory for common sense it has been proven profitable by both academic studies and (more importantly) the experience of your fellow professional investors to monitor the trading behavior of company executives directors and large shareholders in the stocks of firms of which they're registered as insiders.
Please note however that the lists above are strictly factual they are 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.
At InsiderInsights.com 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.
Jonathan Moreland is also the author of Profit From Legal Insider Trading.
Follow me on Twitter JoshWolonick and Minyanville
{ 0 comments... Views All / Send Comment! }
Post a Comment