OSTK - Overstock.com Director Makes $99K Stock Purchase | Benzinga
MARCUS LEMONIS, Director at Overstock.com (NASDAQ:OSTK), 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 LEMONIS purchased 6,455 shares of Overstock.com. The total transaction amounted to $99,858.
Overstock.com shares are trading up 2.88% at $15.7 at the time of this writing on Thursday morning.
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The Importance of Insider Transactions
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 officer, director, or ...