Top Insider Trades: LTS MCK AOL CMO

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, May 29, 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.
Ladenburg Thalmann (LTS) Frost P DIR,BO 800,000 20,000,000
Portola (PTLA) Maxwell BO 700,000 10,150,000
Genomic (GHDX) Baker F DIR,BO 121,266 4,473,548
Spectrum (SPB) Harbinger BO 57,400 3,424,358
Carnival (CCL) Weisenburger R DIR 40,000 1,318,096
AOL (AOL) Reynolds F DIR 28,000 959,308
Acelrx (ACRX) Adams A DIR 75,000 614,000
Ladenburg Thalmann (LTS) Gilinski S DIR 20,000 500,000
Cabelas (CAB) Mark R DIR 5,000 334,949
Capstead (CMO) Biegler J DIR 20,000 240,560
Source: Insider Insights
Avalonbay (AVB) Lehman Plan BO 7,870,000 1,075,592,960
Sensata (ST) Bain Cap BO 23,581,520 847,755,648
Pgt (PGTI) Jll Partners BO 17,791,172 130,987,496
Incontact (SAAS) Enterprise BO 6,396,389 43,495,444
McKesson (MCK) Hammergren J CB,PR,CEO 230,484 26,554,638
McKesson (MCK) Julian P VP,PR 116,930 13,471,798
Reynolds (RAI) Brown & Williamson BO 256,732 12,644,051
MLM (MLM) Zelnak S DIR 15,000 1,642,253
Stanley (SWK) Ramirez J VP,PR 18,488 1,473,833
Biogen (BIIB) Pangia R DIR 5,900 1,399,657
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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