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In Insider Trading, Elon Musk and Bill Gross Make Big Buys

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:

  • Elon Musk, the billionaire inventor, entrepreneur, and founder of solar energy systems company SolarCity ( SCTY ), bought 214,869 shares of company stock for $10,000,003, while CEO Lyndon Rive bought 107,434 shares for $4,999,979.

  • John Walker, the chairman of oil and natural gas development and production company EV Energy Partners ( EVEP ), bought 135,000 shares of company stock for $4,976,100.

  • Bill Gross, co-founder of Pimco, bought 100,000 shares of the non-diversified, closed-end management investment company Pimco Dynamic Income Fund ( PDI ) for $2,930,890. He also purchased 100,000 shares of management investment company Pimco Dynamic Credit Income Fund ( PCI ) for $2,241,520.

#: Filer Name Insider Titles Company Name Ticker TransType Dollar Value
1 Musk Elon DIR Solarcity SCTY JB* $10,000,003
2 Rive Lyndon R CEO,DIR Solarcity SCTY JB* $4,999,979
3 Barnard Hayden O Solarcity SCTY JB* $4,999,979
4 Walker John B CB,DIR Ev Energy Part EVEP B $4,976,100
5 Gross William H O Pimco Dyn Inc Fd PDI B $2,930,890
6 Gross William H O Pimco DC Inc Fd PCI B $2,241,520
7 Anderson John C VP Springleaf LEAF JB* $1,020,000
8 Marubeni DIR,BO Aircastle AYR B $557,970
9 Houser Mark A PR,CEO,DIR Ev Energy Part EVEP B $552,900
10 Gross William H O Pimco Ca Mu Inc PCQ B $513,224

Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes

#: Filer Name Insider Titles Company Name Ticker TransType Dollar Value
1 Samsung Elect BO Seagate Tech STX JS* $1,505,181,056
2 Valueact DIR Adobe Systems ADBE S $183,269,104
3 Luczo Stephen J CB,PR,CEO Seagate Tech STX AS $17,502,304
4 Quadracci Betty DIR Quad Graphics QUAD AS $9,240,544
5 Kellogg WK Fdn BO Kellogg K AS $7,733,896
6 O Shea Paul J VP,DIR Enstar ESGR AS $6,588,029
7 Brown Williamson BO Reynolds Amer RAI S $6,303,456
8 Trivedi Ashok DIR,BO Igate IGTE S $4,435,359
9 Putnam James S DIR Lpl Financial LPLA AS $3,100,669
10 Wadhwani Sunil DIR,BO Igate IGTE S $2,217,632

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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