Joseph Baratta, Director at Blackstone (NYSE:BX), reported a large insider sell on October 2, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Monday showed that Baratta sold 74,565 shares of Blackstone. The total transaction amounted to $8,002,567.
Blackstone shares are trading down 3.07% at $103.87 at the time of this writing on Tuesday morning.
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Why Insider Transactions Are Important
Insider transactions shouldn't be used primarily to make an investing decision, however, they can ...