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An Insider Buys Shares of Mining Company Freeport-McMoRan While Graphic Packaging Sees a Sale

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, June 5, 2013.

Notable Purchases :

  • James Flores, the Vice Chairman and Director of international mining company Freeport-McMoRan Copper & Gold ( FCX ), bought 1,100,000 of company stock for $32,290,840.

  • Felix Baker, a Director of biopharmaceutical company Acadia Pharmaceuticals Inc. ( ACAD ), bought 2,340,314 shares of company stock for $33,563,308.

  • George Karfunkel, a Director of multinational insurance company Amtrust Financial Services, Inc. ( AFSI ), bought 1,000,000 shares of company stock for $25,000,000.

Notable Sales:

  • TPG Group Holdings SBS Advisors sold 7,581,506 shares of Graphic Packaging Holding Company ( GPK ) for $58,605,040.

For more insider trades, please see the chart below:

#: Filer Name Insider Titles Company Name Ticker TransType Dollar Value
1 Flores James C VCB,DIR Freeport McMoran Copper & Gold FCX B $34,290,840
2 Baker Felix DIR,BO Acadia Pharm ACAD B $33,563,308
3 Karfunkel George DIR,BO Amtrust Financial AFSI JB* $25,000,000
4 Baker Felix DIR,BO Genomic Health GHDX B $13,792,733
5 Whippoorwill BO Us Concrete USCR B $809,350
6 Frost Phillip Md CEO,CB,BO Opko Health OPK B $449,845
7 Turner Jim L DIR Crown CCK B $416,810
8 Mark Reuben DIR Cabelas CAB B $335,500
9 Maudlin Timothy I DIR Sucampo Pharm SCMP B $322,783
10 Shapiro Mark S DIR Frontier Comms FTR B $299,242

#: Filer Name Insider Titles Company Name Ticker TransType Dollar Value
1 Warburg Pincus DIR,BO Primerica PRI JS* $86,280,488
2 Brin Sergey F,DIR,BO Google GOOG AS $71,944,544
3 TPG Advisors BO Graphic Pkging GPK JS* $58,605,040
4 Hoffman Reid DIR,BO Linkedin LNKD AS $13,611,608
5 Lightyear Fund II BO Higher One ONE S,JS* $10,502,932
6 Domain Parters Vii BO Clovis Oncology CLVS S $10,280,619
7 Gehring Fred CEO,DIR PVH PVH AS $9,254,311
8 Angrick William CB,CEO,BO Liquidity Services LQDT S $7,960,870
9 Weiner Jeff CEO,DIR Linkedin LNKD AS $6,043,418
10 Dove Timothy L PR,COO Pioneer Nat Res PXD S $4,628,560

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 Nasdaq, Inc.


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

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