LOCL - Local Bounti Chief Technology Officer Makes $100K Stock Purchase | Benzinga
Travis M Joyner, Chief Technology Officer at Local Bounti (NYSE:LOCL), reported a large insider buy on November 1, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that Joyner purchased 73,495 shares of Local Bounti. The total transaction amounted to $100,919.
Local Bounti shares are trading up 4.63% at $2.26 at the time of this writing on Thursday morning.
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Why Insider Transactions Are Important
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision.
In legal terms, an "insider" refers to any ...