Stephen Jeffrey Garchik, 10% Owner at AuthID (NASDAQ:AUID), reported a large insider buy on November 22, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that Garchik purchased 166,667 shares of AuthID. The total transaction amounted to $1,000,002.
AuthID shares are trading up 5.62% at $7.52 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, they ...