Insiders are buying at fastest pace since May 2008

From Trimtabs via FT Alphaville (pls read the bold stuff):

Based on the latest filings of Form 4 with the Securities and Exchange Commission, insiders have bought $861 million so far in August. Insider buying this month is running at the fastest pace since May 2008, and insider buying this month is already higher than in any other month this year. TrimTabs regards the pickup in insider buying as a bullish sign. Since insiders know more about their companies’ prospects than anyone else, it is positive that insiders are putting some of their own cash to work in the market. But TrimTabs cautions that insiders are not infallible. Insiders were also buying heavily in late 2007 and early 2008, right before the financial crisis intensified.

 

NOTABLE US INSIDER TRANSACTIONS

The biggest trades continue to be on the sell side. To see the table, click on “Read More”.

Insider Trading Spotlight
Friday, January 22, 2010
Biggest Individual Trades 

(Based on reports received by Thomson Reuters on January 21, 2010 )

BUYERS
Company Name Symbol Insider’s
name
Title Value
(000’s)
Number
of Shares
(000’s)
Range of
share values
Trans
dates
Kennedy Wilson Holdings KWIC W. McMorrow CEO,I 50 5 9.95 1/19/10
Bank Of South Carolina BKSC S. Sharry O,I 32 3 9.83 1/20/10
Bank Of South Carolina BKSC H. Lane CEO,I 32 3 9.83 1/20/10
Bank Of South Carolina BKSC T. Stevenson D,I 32 3 9.83 1/20/10
General Communication GNCMA S. Mooney D 12 2 5.92-6.20 1/20-21/10
Salix Pharmaceuticals SLXP M. Sirgo D 11 0 27.09-27.89 1/06-15/10
Bank Of South Carolina BKSC G. Haynes D 10 1 10.00 1/21/10
SELLERS
Company Name Symbol Insider’s
name
Title Value
(000’s)
Number
of Shares
(000’s)
Range of
share values
Trans
dates
Tiffany & Co TIF P. May D,I 3,971 88 45.13 1/19/10
Laboratory Corp Of America Holdings LH T. Mac Mahon D 2,755 36 77.00 1/19-20/10
Targacept TRGT M. Bencherif O 1,499 73 20.51 1/15/10
EnerNOC ENOC G. Dixon O 1,277 35 35.98-36.65 1/19-20/10
Symantec SYMC J. Thompson D 1,133 60 18.79-18.97 1/19/10
AutoZone AZO T. Briggs O 788 5 157.62-157.73 1/21/10
Herbalife HLF T. Zimmer O 724 16 44.00-45.00 1/15-19/10
Salesforce.com CRM M. Benioff CEO,I 674 10 67.39 1/21/10
DIRECTV DTV G. Maffei D 626 19 33.75-33.87 1/15-19/10
AutoZone AZO W. McKenna D 623 4 157.54 1/21/10
Qualcomm QCOM I. Jacobs D,I 607 13 48.58 1/19/10
Amedisys AMED J. Netterville D 605 10 60.50 1/20/10
Meridian Bioscience VIVO J. Kraeutler CEO 541 24 22.17 1/19/10
TD Ameritrade Holding AMTD J. Moglia D 444 24 18.27-18.93 1/14-19/10
Plexus PLXS D. Foate CEO 399 13 31.95 1/21/10
Hewlett Packard HPQ R. Bradley O 391 8 52.10 1/19/10
Destination Maternity DEST D. Matthias D 381 19 20.00 1/19-20/10
Destination Maternity DEST R. Matthias P,* 381 19 20.00 1/19-20/10
Medivation MDVN C. Machado CFO 371 10 37.07 1/20/10
Lubrizol LZ R. Graf O 330 4 80.00-85.00 1/19-21/10
Source: Thomson Reuters

Barron’s

More insider transactions: Finviz.com