Top Insider Trades: DRNA RGLS RARE CARA

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, Feb. 5, 2014, 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.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
PR,BO
JB*
$15,000,000
2
BO
JB*
$9,999,993
3
FMR
BO
JB*
$3,675,000
4
BO
B
$2,488,255
5
BO
JB*
$2,483,998
6
DIR,BO
AYR
B
$554,604
7
DIR
JB*
$550,000
8
DIR
B
$352,050
9
CEO,CB,BO
OPK
B
$330,645
10
CEO,DIR
JB*
$324,987

Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
F,DIR,BO
AS
$95,403,792
2
CB,DIR
RXN
JS*
$26,546,699
3
F,CEO,CB
S
$17,935,374
4
DIR,BO
AS
$17,684,010
5
BO
JS*
$15,675,000
6
DIR
JS*
$14,787,500
7
DIR
JS*
$9,500,000
8
CEO,DIR
AS
$7,851,817
9
DIR
S
$6,206,220
10
CB,DIR,BO
S
$6,005,230

Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes

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 adviser 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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