Scott Belsky, Chief Strategy Officer & EVP at Adobe (NASDAQ:ADBE), reported a large insider sell on October 26, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Thursday showed that Belsky sold 2,755 shares of Adobe. The total transaction amounted to $1,491,520.
Adobe shares are trading up 0.74% at $518.07 at the time of this writing on Friday morning.
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Why Insider Transactions Are Important
Insider transactions shouldn't be used primarily to make an investing decision, however an ...