Alexander Schornstein, 10% Owner at Assembly Biosciences (NASDAQ:ASMB), 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 Schornstein purchased 400,000 shares of Assembly Biosciences. The total transaction amounted to $282,100.
Assembly Biosciences shares are trading up 9.16% at $0.71 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 ...