Rebecca Morrow, CAO at Snap (NYSE:SNAP), reported a large insider sell on October 18, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that Morrow sold 6,980 shares of Snap. The total transaction amounted to $66,931.
Snap shares are trading down 0.47% at $9.55 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, they can ...