Insiders Buy Shares at Achillion Pharmaceuticals, Inc. and China Cord Blood

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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 Thursday, July 11, 2013.

Notable Purchases:

  • QVT Associates GP LLC bought 390,944 shares of infectious diseases-focused pharmaceutical company Achillion Pharmaceuticals ( ACHN ) stock for $2,475,223.
  • Kent McCarthy, the Founder and CEO of Jayhawk Capital Management, which specializes in Asian equities, bought 366,782 shares of Chinese umbilical cord blood storage and stem cell processing company China Cord Blood ( CO ) for $1,066,639.
  • At medical diagnostic imaging systems company Digirad ( DRAD ), Director Jeffrey Eberwein bought 15,000 shares of company stock for $36,433 while his fellow Director Charles Gillman also bough 15,000 shares, but for $36,426.
Notable Sales:
  • Francis Bong, a Director of AECOM Technology ( ACM ), sold 80,000 shares of company stock for $2,570,000.
For more insider trades, see the charts below.

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

1

Qvt Assoc Gp

BO

Achillion Pharm

ACHN

B

$2,475,223

2

McCarthy Kent C

BO

China Cord Blood

CO

B

$1,066,639

3

Brown J McCauley

BO

Brown Forman

BFB

JB*

$237,141

4

Yang Hong

PR,DIR,BO

Zenitech

ZNTH

JB*

$115,000

5

Rivelle Tad

O

Tcw Str Inc Fd

TSI

B

$106,266

6

Frost Phillip Md

CEO,CB,BO

Opko Health

OPK

B

$72,088

7

Eberwein Jeffrey E

DIR

Digirad

DRAD

AB

$36,433

8

Gillman Charles M

DIR

Digirad

DRAD

AB

$36,426

9

Woodbury Jeffrey K

DIR

Investors RE Tr

IRET

B

$18,220

10

Vanis V Scott

DIR,BO

Minerco Resources

MINE

B

$13,000


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

1

Page Lawrence

CEO,DIR,BO

Google

GOOG

AS

$56,786,968

2

Sandberg Sheryl

COO,DIR

Facebook

FB

AS

$4,526,760

3

Friedman Brian P

DIR

Fiesta Restaurant

FRGI

S

$3,209,864

4

Bong Francis S Y

DIR

Aecom Technology

ACM

AS

$2,570,000

5

Stryker Ronda E

DIR

Stryker

SYK

AS

$1,395,190

6

Goldfarb Morris

CEO,DIR,BO

G III Apparel

GIII

S

$1,097,554

7

Bycoff Barry N

DIR

Progress Software

PRGS

S

$1,032,915

8

Koski Christine L

DIR,BO

Sun Hydraulics

SNHY

AS

$982,169

9

Millard Robert B

O

Gulfmark Offshore

GLF

S

$968,399

10

Shum Anthony C

PR

Aecom Technology

ACM

AS

$877,500

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: ACHN , ACM , CO , DRAD

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