John Scott Emrich, Director at ArrowMark Financial (NASDAQ:BANX), reported a large insider buy on October 11, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that Emrich purchased 7,500 shares of ArrowMark Financial. The total transaction amounted to $130,029.
ArrowMark Financial shares are trading down 0.06% at $17.21 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 ...