Andres Gluski, President and CEO at AES (NYSE:AES), reported a large insider buy on November 8, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that Gluski purchased 50,000 shares of AES. The total transaction amounted to $819,000.
AES shares are trading up 1.66% at $16.49 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 ...