Richard Smith, Director at Gyrodyne (NASDAQ:GYRO), reported a large insider buy 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 Smith purchased 20,362 shares of Gyrodyne. The total transaction amounted to $439,819.
Gyrodyne shares are trading down 4.34% at $8.6 at the time of this writing on Wednesday 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 transaction ...