Insiders Buy Shares at Freeport-McMoRan and Mirati Therapeutics

By
A A A

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:

  • James Flores, Vice Chairman of Freeport-McMoRan Copper & Gold ( FCX ), bought 1,500,000 shares of company stock for $56,171,200.
  • Boxer Capital, the public investment arm of private investment organization Tavistock Life Sciences, bought 400,000 shares of cancer treatment-focused biopharmaceutical company Mirati Therapeutics ( MRTX ) for $7,000,000 while the life sciences-focused principle investment firm Tang Capital bought 57,143 shares for $1,000,003.
  • Shane Robison, the CEO of datacenter solutions provider Fusion IO ( FIO ) bought 105,500 shares of company stock for $1,004,476.
  • Ares Capital Management II bought 21,168 shares of non-diversified, closed-end management investment company Ares Dynamic Credit Allocation Fund ( ARDC ) for $383,172. Ares Capital Management II, an affiliate of Ares Management LLC, serves as the fund's investment advisor.
For more insider trades, see the charts below.

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

1

Flores James C

VCB,DIR

FMc Cop & Gold

FCX

B

$56,171,200

2

Boxer Capital

BO

Mirati Therapeutics

MRTX

B

$7,000,000

3

Clarus Lifesciences

BO

Aerie Pharm

AERI

JB*

$3,210,000

4

Robison Shane V

CEO,DIR

Fusion Io

FIO

B

$1,004,476

5

Tang Capital

BO

Mirati Therapeutics

MRTX

B

$1,000,003

6

McCaughan James

O

Pr RE Inc Fd

PGZ

B

$394,900

7

Ares Capital Mgt II

O

Ares DC Alloc Fd

ARDC

B

$383,172

8

Ipmd Gmbh

BO

Uluru

ULUR

JB*

$300,000

9

Riley Kevin P

VP,CFO

First Inter Bancsys

FIBK

B

$259,478

10

Giles William T

DIR

Brinker Intl

EAT

B

$256,140


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

1

Highland Mgt

BO

Gigamon

GIMO

JS*,S

$70,853,358

2

Hoag Jay C

DIR

Netflix

NFLX

S

$62,465,692

3

Schmidt Eric E

CB,DIR

Google

GOOG

AS

$47,136,156

4

Malone John C

BO

Ascent Capital

ASCMA

JS*

$32,711,262

5

Hoag Jay C

PT,BO,DIR

Techtarget

TTGT

S,JS*

$22,500,000

6

Leong Patrick P

CTO,DIR

Gigamon

GIMO

S

$15,443,400

7

Comas Daniel L

VP,CFO

Danaher

DHR

S

$3,582,650

8

Wetzel Mark L

CFO

Dupont Fabros

DFT

S

$2,895,504

9

Offereins Diane E

VP

Discover Finl

DFS

S

$2,579,500

10

Levchin Max R

DIR,BO

YELP

YELP

AS

$2,400,439

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: ARDC , FCX , FIO , MRTX

Minyanville

Minyanville

More from Minyanville:

Related Videos

Stocks

Referenced

Most Active by Volume

183,639,073
  • $42.32 ▲ 3.85%
82,623,623
  • $15.99 ▼ 22.79%
39,547,942
  • $119 ▲ 1.19%
32,107,751
  • $77.62 ▲ 2.63%
29,684,848
  • $10.60 ▲ 2.02%
27,615,309
  • $24.03 ▲ 0.38%
26,917,669
  • $31.10 ▲ 2.07%
26,464,306
  • $47.75 ▲ 0.59%
As of 11/26/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com