Insider Trading: Carl Icahn Sells Shares of WebMD While Sarepta and American Eagle See Purchases

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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 Wednesday, September 18, 2013.

Notable Purchases:

  • Kathleen Behrens, a director at biopharmaceutical company Sarepta ( SRPT ), bought 6,500 shares of company stock for $240,778. Sarepta focuses on the development of ribonucleic acid-based treatments for rare and infectious diseases.
  • Ares Capital Management II bought 6,000 shares of non-diversified, closed-end management investment company Ares Dynamic Credit Allocation Fund ( ARDC ) for $112,310. Ares Capital Management II, an affiliate of Ares Management LLC, serves as the fund's investment advisor.
  • Noel Spiegel, a director at specialty retailer American Eagle ( AEO ), bought 5,000 shares of company stock for $7,445.
Notable Sale:
  • The billionaire activist investor Carl Icahn sold 1,173,092 shares of health information services provider WebMD ( WBMD ) for $39,885,128.
For more insider trades, see the charts below.

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

1

Marubeni

DIR,BO


Aircastle

AYR

B

$673,289

2

Behrens M Kathleen

DIR

Sarepta

SRPT

B

$240,778

3

Kim John Y

DIR

Mainstay DT Muni Fd

MMD

B

$158,750

4

Braithwaite Michael J

O

Clearone

CLRO

JB*

$155,404

5

Ares Capital Mgt II

O

Ares Dyn Cr Alloc Fd

ARDC

B

$112,310

6

De Perio Joseph A

DIR

Everyware Global

EVRY

B

$103,590

7

Spiegel Noel Joseph

DIR

American Eagle

AEO

B

$74,445

8

Bayer Michael J

DIR

Siga Technologies

SIGA

B

$53,736

9

Miller John V

O

Nuveen Muni Hi Inc

NMZ

B

$45,720

10

McClaugherty Joe L

DIR

Magnum Hunter

MHR

B

$36,960

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

Interwest Mgt

BO

Marketo

MKTO

JS*

$70,818,664

2

Icahn Carl C

BO

Webmd Health

WBMD

JS*

$39,885,128

3

Lampert Edward S

BO

Autonation

AN

S

$39,141,629

4

Storm Venture

BO

Marketo

MKTO

JS*

$36,974,036

5

Hoffman Reid

DIR,BO

Linkedin

LNKD

AS

$20,562,152

6

Kensico Capital Mgt

BO

Webmd Health

WBMD

S

$19,458,234

7

Angelo John M

DIR

Sothebys

BID

S

$13,351,800

8

Weiner Jeff

CEO,DIR

Linkedin

LNKD

AS

$9,129,322

9

Butters David J

DIR

Gulfmark Offshore

GLF

S

$4,676,011

10

Wright Donald P

VP

Safeway

SWY

AS

$3,162,000

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: AEO , ARDC , SRPT , WBMD

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