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In Insider Trading, Apollo Management Group Makes Two Major Sales, While eBay Sees a Purchase

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, July 24, 2013.

Notable Purchases:

  • The biotech-focused long-short hedge fund Perceptive Advisors bought 850,000 shares of pain treatment-focused pharmaceutical company AcelRx Pharmaceuticals ( ACRX ) for $9,902,500.

  • Kathleen Mitic, a Director of global online commerce company eBay ( EBAY ), bought 5,000 shares of company stock for $258,050.

Notable Sales:

  • Apollo Management Group, part of the private equity firm Apollo Global Management LLC ( APO ), sold 25,125,070 shares of real estate and relocation services company Realogy ( RLGY ) for $1,195,199,616.

  • Apollo Management Group also sold 15,803,456 shares of plastic consumer packaging provider Berry Plastics ( BERY ) for $329,865,536.

For more insider trades, see the charts below.

#: Filer Name Insider Titles Company Name Ticker TransType Dollar Value
1 Perceptive Advisors BO Acelrx Pharm ACRX JB* $9,902,500
2 Crane David W PR,CEO,CB Nrg Yield NYLD JB* $588,500
3 Mitic Kathleen C DIR EBAY EBAY B $258,050
4 Chlebowski John DIR Nrg Yield NYLD JB* $220,000
5 Gamco Investors BO Fisher Comms FSCI B $172,830
6 Desroches Michel BO Global Immune GIMU JB* $54,822
7 George W Whitney FO,DIR,BO Royce Focus Tr FUND JB* $48,180
8 Johnson Robert L CB,DIR,BO Rlj Entertainment RLJE B $36,446
9 Eberwein Jeffrey E DIR Digirad DRAD AB $27,039
10 Aldrich Richard DIR,BO Verastem VSTM AB $16,390

#: Filer Name Insider Titles Company Name Ticker TransType Dollar Value
1 Apollo Mgt Gp BO Realogy RLGY JS* $1,195,199,616
2 Apollo Mgt Gp BO Berry Plastics BERY JS* $329,865,536
3 Hoffman Reid DIR,BO Linkedin LNKD AS $16,402,975
4 Weiner Jeff CEO,DIR Linkedin LNKD AS $7,282,532
5 Brown Williamson BO Reynolds Amer RAI S $6,020,670
6 Mastercard Fdn BO Mastercard MA S $3,829,228
7 Sarver Robert G CB,CEO,DIR W Alliance Banc WAL S $2,747,163
8 Lesar David J CB,PR,CEO Halliburton HAL AS $2,487,241
9 Wolfson Jonathan CEO,DIR Solazyme SZYM AS $1,750,418
10 Dobkin Arkadiy CEO,PR,CB Epam Systems EPAM AS $1,617,477

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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