Insiders Trading WAGE APFC OPK PCS

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, October 9, 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, 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.
Genesis Energy (GEL) Davison James E Jr DIR 733,019 21,990,570
Janus Capital (JNS) Dai Ichi Life Ins BO 758,282 7,079,376
Javelin Mort Inv (JMI) Staton Daniel C DIR 125,000 2,500,000
Opko Health (OPK) Frost Phillip MD CEO,CB,BO 197,500 877,553
American Pacific (APFC) Cornwall Capital Mgt BO 50,145 601,739
Universal Tech Inst (UTI) Stadium Capital BO 43,359 581,375
Kid Brands (KID) Benaroya Raphael CB,CEO,DIR 250,000 387,500
ANN (ANN) Yih Daniel W DIR 5,400 199,908
Consolidated Graphics (CGX) Biro Jon C CFO,AO 7,000 181,367
Pope (POPE) Dahl James H BO 2,322 123,616
Source: Insider Insights
Wageworks (WAGE) Vantagepoint Venture BO 4,641,636 76,354,912
Genesis Energy (GEL) Robertson William DIR 2,212,183 71,121,682
Garmin (GRMN) Kao Min H CEO 650,000 27,793,480
Google (GOOG) Page Lawrence CEO,DIR,BO 20,833 15,777,706
MetroPCS (PCS) TA Assoc O 553,800 6,904,036
Smart (SMBL) Adage Capital Gp BO 367,000 4,599,969
Medivation (MDVN) Bailey Gregory DIR 40,000 2,323,800
Cognizant (CTSH) Coburn Gordon PR 30,000 2,160,000
Mastercard (MA) Hundmejean Martina CFO 3,600 1,705,001
Stryker (SYK) Stryker Ronda E DIR 27,000 1,458,307
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, 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 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.