William Yeung, Chief Legal Officer at Energy Recovery (NASDAQ:ERII), reported a large insider sell on August 29, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Tuesday showed that Yeung sold 40,614 shares of Energy Recovery. The total transaction amounted to $1,127,200.
Energy Recovery shares are trading down 1.32% at $27.58 at the time of this writing on Wednesday morning.
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Why Insider Transactions Are Important
Insider transactions shouldn't be used primarily to ...