Vivek Jain, EVP at Analog Devices (NASDAQ:ADI), reported a large insider sell on November 28, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Tuesday showed that Jain sold 17,037 shares of Analog Devices. The total transaction amounted to $3,129,201.
Analog Devices shares are trading up 1.73% at $186.37 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 make an investing decision, however, they ...