Angelique Strong Marks, Chief Legal Officer at Cars.com (NYSE:CARS), reported a large insider sell on November 13, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Monday showed that Marks sold 9,857 shares of Cars.com. The total transaction amounted to $183,702.
Cars.com shares are trading down 0.0% at $19.09 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 an ...