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Gigantic Airline Purchase Highlights Insider Buying: United Continental, Mattress Firm, Summit Midstream and More

On a crazy earnings week when the market roller-coaster returned, and a warning from Carl Icahn raised some eyebrows, insider buying firmed some. Much of April has been plagued by very slow insider transactions, as the silent period has closed windows for executives and institutional holders to buy and sell shares. That window is starting to open and we saw some massive buys this week.

We cover insider buying every week at 24/7 Wall St., and we like to remind readers that while insider buying is usually a very positive sign, it is not in of itself a reason to run out and buy a stock. Sometimes insiders and 10% owners have stock purchase plans set up at intervals to add to their holdings. That aside, it still remains a positive indicator.

Here are some of the companies that reported notable insider buying this past week.

United Continental Holdings Inc. (NYSE: UAL) has finally resolved some issues with activist investors and the buying was heavy this week. A director at the firm Par Investments bought a massive 1,905,000 shares of the stock at prices between $50.76 and $54.04 a share. The total for the...