Insiders Sell Stock In Facebook And IBM, Plus A Major Purchase At ...

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 your fellow professional investors.

Below are lists of the top 10 mainly open-market insider purchases and sales filed at the Securities and Exchange Commission Wednesday, January 30, 2013 as ranked by dollar value.

Please note, however, that these are factual lists, 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.

In insider purchases, the technology-centric venture capital firm Battery Ventures, a beneficial owner of Champions Oncology (PINK:CSBR), bought $3,500,000 worth of the the company, which engages in technology solutions for personalizing the development and use of oncology drugs in the US. Also at Champions, CEO Joel Ackerman and President Ronnie Morris each bought $250,000 worth of stock. At LipoScience (NASDAQ:LPDX), an in vitro diagnostic company that develops and markets diagnostic tests, Chairman and Director Buzz Benson bought $450,000 worth of company stock. Timothy Flynn, a Director of JPMorgan Chase & Co. (NYSE:JPM), bought $316,778 worth of company stock.

In sales, Chairman of Google (NASDAQ:GOOG), Eric Schmidt, sold $49,607,249 worth of company stock, while Director Kavitark Shriram sold $1,517,767 worth of company stock of the Internet giant. At Raymond James Financial (NYSE:RJF), Chairman Thomas James sold $13,368,531 worth of company stock. Michael Schroepfer, Vice President of Engineering at Facebook (NASDAQ:FB), sold $2,254,362 worth of company stock, while Vice President and General Counsel Theodore Ullyot sold $2,187,356 worth of company stock. At IBM (NYSE:IBM), Senior Vice President Michael Daniels sold $2,160,325 worth of company stock.

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.

Insider Purchases

#:	Filer Name	Insider Titles	Company Name	Ticker	Trans Type	Dollar Value
1		BO			JB*	$3,500,000
2		O			JB*	$1,000,000
3		DIR			JB*	$450,000
4		DIR			B	$316,778
5		CEO,DIR			JB*	$250,000
6		PR,DIR			JB*	$250,000
7		CB,DIR,BO			B	$164,914
8		VP,SO			B	$144,840
9		VP,CFO			B	$105,888
10		DIR			B	$98,594

Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes

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Insider Sales

#:	Filer Name	Insider Titles	Company Name	Ticker	Trans Type	Dollar Value
1		CB,DIR			AS	$49,607,249
2		BO			S	$18,410,622
3		CB,DIR,BO			S	$13,368,531
4		VP			AS	$2,254,362
5		VP,GC,SEC			AS	$2,187,356
6		VP			S	$2,160,325
7		VCB			S	$1,859,130
8		BO			S	$1,535,672
9		DIR			AS	$1,517,767
10		BO			S	$1,498,416

Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes

Editor's note: Jonathan Moreland is the founder of Insider Insights and author of "Profit From Legal Insider Trading."

No positions in stocks mentioned.

Source: http://www.minyanville.com/trading-and-investing/stocks/articles/Insiders-Sell-Stock-in-Facebook-and/1/31/2013/id/47791

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