ARISTOTLE BALOGH, Chief Technology Officer at Airbnb (NASDAQ:ABNB), reported a large insider sell on October 11, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that BALOGH sold 2,750 shares of Airbnb. The total transaction amounted to $341,000.
Airbnb shares are trading down 1.99% at $127.41 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 make an investing decision, however an insider ...