Laura Sharp Ingle, Board Member at Ingles Markets (NASDAQ:IMKTA), reported a large insider sell on September 25, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Monday showed that Ingle sold 4,000 shares of Ingles Markets. The total transaction amounted to $304,343.
Ingles Markets shares are trading down 1.29% at $74.96 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 ...