Guy Persaud, Director at Nordstrom (NYSE:JWN), 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 Persaud purchased 4,983 shares of Nordstrom. The total transaction amounted to $74,994.
Nordstrom shares are trading up 1.04% at $15.5 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 ...