Devin T Cygnar, EVP at Northwest Bancshares (NASDAQ:NWBI), reported a large insider buy on November 8, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that Cygnar purchased 13,692 shares of Northwest Bancshares. The total transaction amounted to $149,999.
Northwest Bancshares shares are trading down 0.0% at $10.8 at the time of this writing on Thursday morning.
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Why Insider Transactions Are Important
Insider transactions shouldn't be used primarily to make an investing decision, however ...