John B Wood, Chairman and CEO at Telos (NASDAQ:TLS), reported a large insider buy on August 30, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that Wood purchased 90,402 shares of Telos. The total transaction amounted to $185,025.
Telos shares are trading up 11.93% at $2.47 at the time of this writing on Thursday morning.
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The Importance of Insider Transactions
Insider transactions shouldn't be used primarily to make ...