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Insider Trading Updates: Phillip Frost Ups His Stake in Opko Health and Sheryl Sandberg Sells Facebook Shares

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 Thursday, July 25, 2013.

Notable Purchases:

  • Phillip Frost, the Chairman and CEO of global pharmaceutical and diagnostic company Opko Health ( OPK ), bought 64,700 shares of company stock for $490,982.

  • Frank Herringer, a Director of food and drug retailer Safeway ( SWY ), bought 18,000 shares of company stock for $461,580.

  • Franklin Burke, a Director of independent oil and gas company Abraxas Petroleum ( AXAS ), bought 70,003 shares of company stock for $167,507.

Notable Sales:

  • Sheryl Sandberg, COO of Facebook ( FB ), sold 176,452 shares of company stock for $4,610,901.

For more insider trades, see the charts below.

#: Filer Name Insider Titles Company Name Ticker TransType Dollar Value
1 Frost Phillip Md CEO,CB,BO Opko Health OPK B $490,982
2 Herringer Frank C DIR Safeway SWY B $461,580
3 Quagliano Michael BO Solera Natl Banc SLRK B $436,400
4 Burke Franklin A DIR Abraxas Petroleum AXAS B $167,507
5 Gamco Investors BO Fisher Comms FSCI B $165,535
6 Allen Robert W DIR Park City PCYG B $106,650
7 Anglace Wayne A VP Del Gl Div & Inc Fd DEX B $74,530
8 Sullivan Timothy D PR,CEO,DIR Sunnyside Bancorp SNNY B $24,867
9 Henry Stephane DIR India Fund IFN B $16,625
10 Schmidt Kenneth M DIR Ambase ABCP B $11,000

#: Filer Name Insider Titles Company Name Ticker TransType Dollar Value
1 Av Partners VIII BO HomeAway AWAY S $8,012,521
2 Burke Richard T DIR UnitedHealth UNH S $7,294,210
3 Sandberg Sheryl COO,DIR Facebook FB AS $4,610,901
4 Matthews Kade DIR First Finl Bank FFIN S $3,165,286
5 VA Retire Sys BO BlackRock Kelso BKCC S $2,202,536
6 Wilkinson Philip C DIR Entravision Comms EVC AS $2,082,924
7 Miller Charles B CAO,TR Core Laboratories CLB S $1,721,713
8 Monaghan Craig T PR,CEO,DIR Asbury Automotive ABG S $1,575,712
9 Koch Jonathan DIR Ren Energy REGI AS $1,489,159
10 Rafaeli Dolev CEO,DIR Photomedex PHMD AS $1,283,480

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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