Stefano Gaggini, SVP at Schnitzer Steel (NASDAQ:RDUS), reported a large insider sell on November 7, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Tuesday showed that Gaggini sold 7,269 shares of Schnitzer Steel. The total transaction amounted to $180,707.
Schnitzer Steel shares are trading down 0.0% at $24.06 at the time of this writing on Wednesday morning.
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Why Insider Transactions Are Important
Insider transactions shouldn't be used primarily to make an investing decision, however an insider ...