Stocks: In Insider Trading, GlaxoSmithKline Buys Shares Of …
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:
The global health-care group GlaxoSmithKline (NYSE:GSK) bought 342,229 shares of biopharmaceutical company Theravance (NASDAQ:THRX) for $12,850,699.
The Japanese trading company Marubeni (OTCMKTS:MARUY) bought 60,000 shares of high-utility commercial jet aircraft company Aircastle (NYSE:AYR) for $1,100,166.
Nancy Schoendorf, a director at Internet-based social expression and personal publishing company Shutterfly (NASDAQ:SFLY), bought 15,000 shares of company stock for $670,623.
Chris Thompson, a director at technical professional services firm Jacobs Engineering Group (NYSE:JEC), bought 10,000 shares of company stock for $607,100.
For more insider trades, see the charts below.
Insider Purchases
#:
Filer Name
Insider Titles
Company Name
Ticker
Trans
Type
Dollar Value
1
BO
B
$12,850,699
2
BO
B,JB*
$4,449,996
3
BO
JB*
$3,787,290
4
BO
B,JB*
$2,874,996
5
DIR,BO
B
$1,100,166
6
DIR
B
$670,623
7
DIR
B
$607,100
8
DIR,BO
JB*
$500,000
9
CEO,CB,BO
B
$169,147
10
DIR
B
$100,125
Insider Sales
#:
Filer Name
Insider Titles
Company Name
Ticker
Trans
Type
Dollar Value
1
BO
JS*
$906,242,368
2
BO
JS*
$494,592,000
3
BO
JS*
$48,284,928
4
CEO,DIR,BO
AS
$39,639,428
5
CB,DIR
S
$11,159,752
6
DIR
AS
$9,404,905
7
CEO,CB,DIR
AS
$9,048,826
8
CFO
S
$6,314,282
9
DIR
AS
$5,873,634
10
BO
S
$4,887,968
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.”
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Stocks: In Insider Trading, GlaxoSmithKline Buys Shares Of …
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