Insiders Trading NAV, DHR, CBRL

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 Thursday, Oct. 25, 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.
Navistar (NAV) Icahn Carl BO 1,594,667 29,900,006
Blackrock (BLK) Grosfeld James DIR 108,098 20,431,894
VMware (VMW) EMC BO 154,476 12,870,168
Lexicon Pharm (LXRX) Artal DIR,BO 3,000,000 6,750,000
Tues. Morn. (TUES) Becker Steven DIR 540,075 2,864,500
Bingo Com (BNGOF) Pendinas BO 1,000,000 450,000
Hansen Med. (HNSN) Feinberg Larry BO 170,000 296,500
Pixelworks (PXLW) Becker Drapkin BO 91,500 222,885
Opko (OPK) Frost Phillip CEO,CB,BO 42,500 191,234
Life Partners (LPHI) Ballantyne Tad DIR 79,300 182,659
Source: Insider Insights
Danaher (DHR) Rales Steven CB,DIR 15,000,000 755,550,016
Microsoft (MSFT) Gates William DIR 5,500,000 154,314,592
CBRL (CBRL) Woodhouse Michael DIR 39,731 2,525,952
Marriott Vac. (VAC) Marriott Richard BO 57,752 2,297,375
Western All. (WAL) Sarver Robert CB,CEO,DIR 150,000 1,587,440
Kellogg (K) Kellogg W K Found. BO 25,000 1,302,505
Rue21 (RUE) Fisch Robert PR,CEO,DIR 25,000 745,250
Walk. & Dun. (WD) Credit Suisse Ag BO 42,900 717,044
Ametek (AME) Eginton William VP 20,000 709,458
Travelers Cos. (TRV) Clarke Charles VCB 9,321 683,183
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.