Felicia Hendrix, EVP and CFO at PENN Entertainment (NASDAQ:PENN), reported a large insider buy on September 7, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Thursday showed that Hendrix purchased 11,162 shares of PENN Entertainment. The total transaction amounted to $250,140.
PENN Entertainment shares are trading up 3.21% at $22.7 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 ...