Insiders Trading FOLD, THLD, EMMS, MSM

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 Tuesday, July 17, 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.

We should also relay that July is a seasonally slow filing period for insider transactions, so the dollar values of the records below are likely smaller than they will be in August.

At Insider Insights, we find significant insider signals just about every day using screens like these 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.
Amicus Therapeutics (FOLD) Glaxosmithkline BO 2,949,581 18,582,360
Prime Global Capital (PGCG) Wong Weng Kung CEO,DIR 752,000 1,504,000
Patheon (PNHNF) Jll Patheon Cooperatief U A BO 238,800 663,864
Emmis Communications (EMMS) Smulyan Jeffrey H CB,CEO,BO,DIR 268,100 500,641
Chemung Financial (CHMG) Bentley Ronald M PR,CEO,DIR 5,605 142,930
Tcw Strategic Income Fund (TSI) Flack Mitch O 20,000 107,000
Morgans Foods (MRFD) Jcp Investment Management BO 14,652 21,978
York Water (YORW) Hines Jeffrey R PR,CEO,DIR 698 11,836
Jacksonville Bancorp (JXSB) Hess Dean H DIR 375 6,305
Kingsway Financial (KFS) Stilwell Joseph DIR,BO 2,400 5,808
Source: Insider Insights
Visa (V) Partridge John PR 115,000 14,686,650
Visa (V) Richey Ellen O 69,855 8,650,613
Fastenal (FAST) Kierlin Robert A DIR 100,000 4,315,540
Bancfirst (BANF) R Banking Ltd Ptnrshp BO 56,500 2,433,413
Crown Castle International (CCI) Young James D VP,COO 19,150 1,148,696
Smith & Wesson Holding (SWHC) Saltz Mitchell A DIR 110,520 1,057,950
Threshold Pharmaceuticals (THLD) Jaeger Wilfred E DIR 125,000 1,001,663
Delphi Automotive (DLPH) McNamara Michael M DIR 20,000 530,634
Msc Industrial Direct Co (MSM) Jacobson Mitchell DIR,BO 6,400 411,764
Solazyme (SZYM) Wolfson Jonathan S CEO,DIR 30,572 384,488
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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