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In Insider Trading, Carl Icahn Buys Shares of Nuance Communications

By: Minyanville
Posted: 12/5/2013 11:35:00 AM
Referenced Stocks: APC;JMP;NUAN;USAK;WES

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:

For more insider trades, see the charts below.

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

1

Icahn Carl C

BO

Nuance Comms

NUAN

B

$89,745,648

2

Crane James R

DIR

Western Gas

WES

JB*

$6,151,000

3

Pioneer Pharma

BO

Novabay Pharm

NBY

JB*

$5,700,000

4

Jolson Joseph A

CEO,DIR,BO

JMP

JMP

B

$1,387,132

5

Shepard Gregory M

BO

Donegal

DGICA

B

$1,114,063

6

Cetus Capital II

BO

Accuride

ACW

B

$842,883

7

Stone Hse Cap

BO

Usa Truck

USAK

B

$772,843

8

Ripps Harold W

DIR

Mid Amer Apt

MAA

B

$605,333

9

Marubeni

DIR,BO

Aircastle

AYR

B

$540,666

10

Marth William S

DIR

Albany Molecular

AMRI

B

$322,500


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

1

Apollo Mgt Gp

BO

Sprouts Farm Mkt

SFM

JS*

$364,261,472

2

Duffield David A

CEO,DIR,BO

Workday

WDAY

AS

$27,838,286

3

Franklin Martin E

CB,DIR

Jarden

JAH

AS

$13,982,943

4

Welsh Carson

BO

Select Medical

SEM

S

$11,209,558

5

Luddy Frederic B

DIR

Servicenow

NOW

AS

$8,485,327

6

Asherman Philip

CEO,DIR

Chicago Bridge

CBI

AS

$5,760,566

7

R Banking LP

BO

Bancfirst

BANF

S

$4,662,608

8

Serenity Inv

BO

KCG

KCG

AS

$4,269,776

9

Foster Paul L

CB,DIR,BO

Western Refining

WNR

AS

$3,998,215

10

Fateh Hossein

CEO,DIR

Dupont Fabros

DFT

S

$3,088,585

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."