Top Insider Trades: AEGR VVTV CCO ALXA

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, January 22, 2013 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.
CVR Refining (CVRR) Lipinski John J CEO,PR,
DIR
200,000 5,000,000
Aegerion Pharm (AEGR) Perceptive Advisors BO 50,000 1,381,000
CVR Refining (CVRR) Jernigan Wyatt E O 50,000 1,250,000
Valuevision Media (VVTV) Stewart Keith R CEO,DIR 100,000 240,430
Unitedhealth (UNH) Lawson Rodger A DIR 2,000 108,840
Blackrock (BLK) Varley John S DIR 427 99,742
Multiband (MBND) Cannell Capital BO 39,434 79,858
Pennantpark FR Cap (PFLT) Penn Arthur H CB,CEO,
FO
2,775 37,220
Nuveen Cur Op Fd (JGT) Palmer Timothy A O 2,000 26,559
Valuevision Media (VVTV) Orr Sean F DIR 11,075 25,626
Source: Insider Insights
Clear Channel (CCO) Mason Capital BO 900,000 6,741,000
Ixia (XXIA) Addington Hills BO 100,000 2,003,310
Blackrock (BKCC) VA Retirement BO 139,087 1,455,327
Generac (GNRC) Tabat Dawn COO 20,000 726,000
Alexza Pharm (ALXA) Lansdowne Part BO 125,000 593,750
Cadence Pharm (CADX) Domain Partners BO 97,741 513,500
First RE Inv Tr NJ (FREVS) Klein Herbert C TT 26,800 455,672
Therapeutic Sol (TSOI) Boyd James P BO 223,991,936 335,988
Global (GPN) Jacobs William I DIR 6,000 300,096
Encompass Energy (EESI) Kos Kristian B DIR,BO 416,617 249,970
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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