Gerald Smith JR, Director at First Ntl (NASDAQ:FXNC), reported a large insider buy on September 20, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that JR purchased 4,600 shares of First Ntl. The total transaction amounted to $75,670.
First Ntl shares are trading up 4.03% at $16.76 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 ...