Insiders Trading AXP SIRI NAV HCLP

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, Nov. 21, 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.
Sirius Xm (SIRI) Liberty Media BO 8,120,000 22,250,200
Janus Capital (JNS) Dai Ichi Life BO 1,087,583 9,088,392
American Express (AXP) Leschly Jan DIR 70,500 3,889,168
AGCO (AGCO) Srinivasan Mallika DIR 67,576 3,005,105
VMware (VMW) EMC BO 34,880 2,998,867
Navistar (NAV) Rachesky Mark DIR,BO 127,000 2,495,923
Hi Crush (HCLP) Huff John DIR 75,000 1,224,930
STEC (STEC) Moshayedi Manouch F,DIR 137,665 593,054
Superconductor (SCON) Kopp Leroy BO 1,333,333 400,000
Oshkosh (OSK) Szews Charles CEO,DIR 12,000 362,904
Source: Insider Insights
Proto Labs (PRLB) Lukis Lawrence CB,DIR,BO 1,417,500 43,942,500
Carnival (CCL) Eternity Four BO 328,294 12,523,563
Primoris (PRIM) Pratt Brian CB,CEO,BO 790,000 11,203,464
News (NWS) Murdoch Keith CB,CEO,DIR 418,631 10,025,839
Proto Labs (PRLB) Cleveland B A PR,CEO,DIR 300,000 9,300,000
Medidata (MDSO) De Vries Glen PR,DIR 204,000 8,162,979
Medidata (MDSO) Sherif Tarek CB,CEO,DIR 204,000 8,162,979
Lamar (LAMR) Reilly Wendell DIR 191,192 7,759,083
Sunrise (SRZ) Carlson Capital BO 515,200 7,371,645
Altisource (ASPS) Erbey William DIR,BO 47,983 5,018,421
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.