PKG - Packaging Corp of America Insider Trades Send a Signal | Benzinga
PAUL STECKO, Director at Packaging Corp of America (NYSE:PKG), reported a large insider sell 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 STECKO sold 9,737 shares of Packaging Corp of America. The total transaction amounted to $1,499,400.
Packaging Corp of America shares are trading down 0.0% at $153.6 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 ...