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Insiders Buy Stock in Cosi

Welcome to our daily roundup of top insider trades. Here's a look at the most significant insider purchases recently filed with the SEC.

Notable Purchases:

  • Boston-based investment adviser RA Capital Management bought 2,448,710 shares of biopharmaceutical company Achillion Pharmaceuticals ( ACHN ) for $6,279,017. Achillion focuses on the discovery, development, and commercialization of treatments for infectious diseases.

  • The Canadian investment firm Clarke bought 489,461 shares of freight surface transportation company Vitran Corporation ( VTNC ) for $2,578,981.

  • The independent investor Lloyd Miller III bought 246,155 shares of franchise restaurant chain Cosi ( COSI ) for $67,727.

  • Douglas Peebles, Vice President of investment firm AllianceBernstein National Municipal Income Fund ( AFB ), bought 41,400 shares of company stock for $516,602.

For more insider trades, see the charts below.

#: Filer Name Insider Titles Company Name Ticker TransType Dollar Value
1 RA Capital Mgt BO Achillion Pharm ACHN B $6,279,017
2 Clarke BO Vitran Corp VTNC B $2,578,981
3 Campbell Kent CEO,DIR,BO LILM LILM JB* $1,600,000
4 Marubeni DIR,BO Aircastle AYR B $1,062,810
5 Miller Lloyd I Iii BO COSI COSI B $537,505
6 Peebles Douglas J VP AB Nat Muni Inc Fd AFB B $516,602
7 Ares Capital Mgt II O Ares DC Alloc Fd ARDC B $502,304
8 Eberwein Jeffrey E DIR Crossroads Sys CRDS JB* $454,979
9 Postal Jeffrey DIR Capstone Cos CAPC JB* $211,200
10 Brooks Douglas H DIR AutoZone AZO B $150,001

#: Filer Name Insider Titles Company Name Ticker TransType Dollar Value
1 Aos Partners BO Envestnet ENV JS* $122,908,416
2 Page Lawrence CEO,DIR,BO Google GOOG AS $36,524,130
3 Johnson James DIR Envestnet ENV JS* $32,631,504
4 Blum Capital BO ITT Educ Svs ESI S $7,495,194
5 Brown Williamson BO Reynolds Amer RAI JS* $6,305,352
6 Kierlin Robert A DIR Fastenal FAST S $4,777,210
7 Doerr L John DIR Google GOOG AS $4,166,523
8 Cleary James PR,CEO,DIR MWI Veterinary MWIV AS $3,907,385
9 Cohen Eric A COO Power Solutions PSIX AS $2,883,594
10 Marxe & Greenhse BO Adept Tech ADEP S $2,770,893

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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