KELCY WARREN, Executive Chairman at Energy Transfer (NYSE:ET), reported a large insider buy on November 9, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Thursday showed that WARREN purchased 1,000,000 shares of Energy Transfer. The total transaction amounted to $13,330,000.
Energy Transfer shares are trading up 1.19% at $13.18 at the time of this writing on Friday morning.
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Why Insider Transactions Are Important
Insider transactions shouldn't be used primarily to make an investing decision, however ...