Joseph W McClanathan, Director at Brunswick (NYSE:BC), reported a large insider buy on November 1, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that McClanathan purchased 1,039 shares of Brunswick. The total transaction amounted to $72,179.
Brunswick shares are trading up 5.87% at $74.07 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 an insider transaction can be an important factor in the investing decision.
In legal terms, an "insider" refers to any officer, director, ...