In Insider Trading, United Continental CEO Jeff Smisek Buys UAL

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Welcome to our daily roundup of top insider trades. Here's a look at the most significant inside sales and purchases filed with the SEC on Tuesday, August 27, 2013.

Notable Purchases:

  • The Japanese trading company Marubeni (OTCMKTS:MARUF) bought 30,000 shares of high-utility commercial jet aircraft company Aircastle ( AYR ) for $520,854.
  • James Lapeyre, a director at technology-focused seismic solutions company Ion Geophysical ( IO ), bought 75,000 shares of company stock for $354,750.
  • Jeffery Smisek, Chairman, President, and CEO of major airline United Continental ( UAL ), bought 9,054 shares of company stock for $250,409.
  • Ronald Weiser, a director at real estate investment trust Silver Bay Realty ( SBY ), bought 10,000 shares of company stock for $161,304.
For more insider trades, see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value

1

Public Storage

BO

PS Bus Parks

PSB

B

$4,852,672

2

Salari Hassan

CEO,CFO,DIR

Eternity Healthcare

ETAH

JB*

$853,634

3

Marubeni

DIR,BO

Aircastle

AYR

B

$520,854

4

Twin Haven SO Fd

BO

Hawaiian Telcom

HCOM

B

$361,872

5

Hightman Carrie J

VP,LO

Nisource

NI

B

$360,361

6

Lapeyre James

DIR

Ion Geophysical

IO

B

$354,750

7

Smisek Jeffery A

CB,PR,CEO

United Continental

UAL

B

$250,409

8

Chazen Stephen I

DIR

Ecolab

ECL

B

$183,213

9

Weiser Ronald N

DIR

Silver Bay Realty

SBY

B

$161,304

10

Pickup Richard H

BO

Impac Mortgage

IMH

B

$147,940

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

Hoag Jay C

PT,BO,DIR

Zillow

Z

JS*

$117,465,000

2

Becker Steven R

DIR

Tuesday Morning

TUES

S

$13,461,680

3

Cue Eduardo H

VP

Apple

AAPL

S

$12,392,700

4

Austin Josiah T

DIR,BO

Goodrich Petrol

GDP

S

$9,802,290

5

Brown Williamson

BO

Reynolds Amer

RAI

S

$5,848,459

6

Schroepfer Michael

CTO

Facebook

FB

AS

$3,725,378

7

Buse Elizabeth

O

Visa

V

AS

$3,109,001

8

Curry Kelly E

VP,CFO

Health Mgt Assoc

HMA

S

$2,435,230

9

Lenzmeier Allen

DIR

Best Buy Co

BBY

S

$2,102,658

10

Fuller Mortimer

DIR

Genesee & Wyoming

GWR

S

$2,015,775

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."



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Stocks

Referenced Stocks: AYR , IO , MARUF , SBY , UAL

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