Tony Oviedo, EVP at Earthstone Energy (NYSE:ESTE), reported a large insider sell on October 16, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Monday showed that Oviedo sold 20,899 shares of Earthstone Energy. The total transaction amounted to $444,730.
Earthstone Energy shares are trading up 0.87% at $21.99 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, ...