Jeffrey M Levy, President at Community Bank System (NYSE:CBU), reported a large insider buy on October 31, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Tuesday showed that Levy purchased 1,300 shares of Community Bank System. The total transaction amounted to $50,185.
Community Bank System shares are trading up 0.33% at $40.08 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, ...