Insider Stock Trading: Bill Gross Buys At Pimco; Green Dot Director …
Welcome to our daily roundup of top insider trades. Here’s a look at the most significant inside purchases recently filed with the SEC.
Notable Purchases:
Mark Rachesky, a director at commercial and military truck company Navistar International (NYSE:NAV), bought 911,774 shares of company stock for $30,206,736.
Bill Gross, co-founder of Pimco, bought 100,000 shares of the non-diversified, closed-end management investment company Pimco Dynamic Credit Income Fund (NYSE:PCI) for $2,300,790.
James Sullivan, Vice President of investment fund Prudential Global Short Duration High Yield Fund (NYSE:GHY), bought 28,000 shares of company stock for $498,378. Sullivan is Head of Fixed Income at Prudential Investment Management.
Notable Sale:
Timothy Greenleaf, a director at bank holding company Green Dot (NYSE:GDOT), sold 50,000 shares of company stock for $1,005,500.
For more insider trades, see the charts below.
Insider Purchases
#:
Filer Name
Insider Titles
Company Name
Ticker
Trans
Type
Dollar Value
1
DIR,BO
B
$30,206,736
2
O
B
$2,300,790
3
O
B
$1,045,883
4
DIR,BO
B
$564,588
5
VP
B
$498,378
6
VP
B
$496,246
7
DIR
JB*
$199,998
8
VP
JB*
$47,960
9
BO
B
$26,683
10
DIR
B
$26,125
Insider Sales
#:
Filer Name
Insider Titles
Company Name
Ticker
Trans
Type
Dollar Value
1
CEO,DIR
AS
$2,182,583
2
CB,CEO,DIR
AS
$1,041,209
3
DIR
AS
$1,005,500
4
VP
AS
$990,000
5
PR,DIR
AS
$954,276
6
VP,CFO
AS
$869,859
7
VP,BD,SO
S
$658,500
8
VP
S
$642,633
9
CB,CEO
AS
$615,900
10
VP,HR
S
$512,182
Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes
An important note from Jonathan Moreland, founder of Insider Insights:
In a victory for common sense, it has been proven profitable — by both academic studies and (more importantly) the experience of your fellow professional investors — to monitor the trading behavior of company executives, directors, and large shareholders in the stocks of firms of which they’re registered as “insiders.”
Please note, however, that the lists above are strictly factual; they are 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.
Jonathan Moreland is also the author of “Profit From Legal Insider Trading.”
No positions in stocks mentioned.
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Insider Stock Trading: Bill Gross Buys At Pimco; Green Dot Director …
