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Insiders Trading TPX CLWR JNS STX

By Jonathan Moreland, founder of Insider Insights and author of Profit From Legal Insider Trading.

NEW YORK (TheStreet) -- It is a victory for common sense. Tracking the trading behavior of company executives, directors and large shareholders in the stocks of firms they're registered in as "insiders" has proven to be profitable, according to 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, October 3, 2012 as ranked by dollar value. Please note, however, that these are only 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.

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.

So use these regular Top Insider Trades columns 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 contact us with any questions on our proprietary insider data, and how it is best analyzed.

Tempur Pedic (TPX) Chieftain Capital BO 528,410 16,272,527
Janus Capital (JNS) Dai Ichi Life Ins BO 1,535,407 14,471,161
Resolute Forest Prod (RFP) Fairfax Financial BO 518,000 6,959,745
Ascent Capital (ASCMA) Malone John C BO 15,000 819,877
Limited Brands (LTD) Morris Michael G DIR 10,110 499,737
Opko Health (OPK) Frost Phillip MD CEO,CB,BO 100,000 417,530
Extreme (EXTR) Terino Edward DIR 100,000 338,110
CVS Caremark (CVS) Moriarty Thomas M VP,GC 6,164 300,002
Pershing Gold (SAGE) Honig Barry C DIR 900,000 297,900
First Opp (FOFI) Adams Nicholas C FO 27,627 213,459
Source: Insider Insights
Clearwire (CLWR) Time Warner BO 46,404,784 63,574,552
Google (GOOG) Brin Sergey F,DIR,BO 83,334 63,054,228
Bard C R (BCR) Morfit G Mason DIR 181,543 19,088,400
Seagate (STX) Luczo Stephen J CB,PR,CEO 500,000 15,342,000
MetroPCS (PCS) TA Assoc O 747,200 9,760,795
Linkedin (LNKD) Hoffman Reid DIR,BO 78,664 9,323,071
Linkedin (LNKD) Weiner Jeff CEO,DIR 74,584 8,840,099
Linkedin (LNKD) Nishar Dipchand VP 70,875 8,388,551
Thor Ind (THO) Thompson Family Fdn BO 150,000 5,412,545
Broadcom (BRCM) Samueli Henry CB,CTO,DIR 150,000 5,194,290
Source: Insider Insights

Key to Titles: A=Assistant, AI=Affiliated Investor, AO=Accounting Officer, BD=Business Development, BO=Beneficial Owner, CAO=Chief Accounting Officer, CB=Chairman, CCO=Chief Compliance Officer, CEO=Chief Executive Officer, CFO=Chief Financial Officer, CIO=Chief Information Officer, CO=Compliance Officer, COO=Chief Operating Officer, CT=Controller, CTO=Chief Technology Officer, DIR=Director, EVP=Executive Vice President, F=Founder, FO=Financial Officer, GC=General Counsel, HR=Human Resources, IO=Information Officer, IR=Investor Relations, LO=Legal Officer, MD=Managing Director, O=Officer, OO=Operating Officer, PR=President, PT=Partner, REL=Relative of an insider, SEC=Secretary, SH=Shareholder, SO=Sales Officer, TO=Technology Officer, TR=Treasurer, TT=Trustee, VCB=Vice Chairman, VP=Vice President, X=Ex Officer or other title displayed.

Jonathan Moreland is the founder of InsiderInsights.com, which produces a weekly newsletter and offers professional screening and alerting tools to analyze a proprietary, real-time insider data feed. He is also the principal of Insider Asset Management, a registered investment advisor in New York. Mr. Moreland has been analyzing insider data professionally for two decades and has been a contributor to TheStreet.com since 2001. A fundamental analyst with an MBA in finance, Mr. Moreland long ago identified insider data as an excellent first screen to determine where to focus his research efforts. He is quoted frequently in the media for his insider analysis and stock recommendations stemming from it. He is also author of Profit From Legal Insider Trading.

Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. While he cannot provide investment advice or recommendations, Moreland appreciates your feedback; click here to send him an email.

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