Top Insider Trades: AYR IO UAL SBY

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, August 27, 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, 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.
PS Bus Parks (PSB) Public Storage BO 65,159 4,852,672
Eternity (ETAH) Salari Hassan CEO,CFO,
1,707,268 853,634
Aircastle (AYR) Marubeni DIR,BO 30,000 520,854
Hawaiian (HCOM) Twin Haven SO Fd BO 14,400 361,872
Nisource (NI) Hightman Carrie J VP,LO 12,299 360,361
Ion (IO) Lapeyre James DIR 75,000 354,750
United Contl (UAL) Smisek Jeffery A CB,PR,CEO 9,054 250,409
Ecolab (ECL) Chazen Stephen I DIR 2,000 183,213
Silver Bay Realty (SBY) Weiser Ronald N DIR 10,000 161,304
Impac Mrtg (IMH) Pickup Richard H BO 15,200 147,940
Source: Insider Insights
Zillow (Z) Hoag Jay C PT,BO,DIR 1,500,000 117,465,000
Tuesday (TUES) Becker Steven R DIR 955,000 13,461,680
Apple (AAPL) Cue Eduardo H VP 24,580 12,392,700
Goodrich Petrol (GDP) Austin Josiah T DIR,BO 448,648 9,802,290
Reynolds Amer (RAI) Brown Williamson BO 121,287 5,848,459
Facebook (FB) Schroepfer Michael CTO 90,000 3,725,378
Visa (V) Buse Elizabeth O 17,562 3,109,001
Health Mgt Assoc (HMA) Curry Kelly E VP,CFO 187,334 2,435,230
Best Buy (BBY) Lenzmeier Allen DIR 60,000 2,102,658
Genesee (GWR) Fuller Mortimer DIR 22,500 2,015,775
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.

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