Carmen Orr, Chief People Officer at Yelp (NYSE:YELP), reported a large insider sell on November 15, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that Orr sold 4,326 shares of Yelp. The total transaction amounted to $189,616.
Yelp shares are trading down 1.64% at $44.31 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 an investing decision, however an ...