T - Chief Operating Officer of AT&T Purchased $54K In Stock | Benzinga
Jeffery McElfresh, Chief Operating Officer at AT&T (NYSE:T), reported a large insider buy on November 2, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Thursday showed that McElfresh purchased 3,551 shares of AT&T. The total transaction amounted to $54,690.
AT&T shares are trading up 1.21% at $15.92 at the time of this writing on Friday morning.
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Why Insider Transactions Are Important
Insider transactions shouldn't be used primarily to make an investing decision, however an ...