Cummins Senior Vice President Trades $1.20M In Company Stock – Cummins (NYSE:CMI) – Benzinga - Stock Region News

Breaking

STOCK TRADING ALERTS
STOCK TRADING ALERTS

Sunday, November 13, 2022

Cummins Senior Vice President Trades $1.20M In Company Stock – Cummins (NYSE:CMI) – Benzinga

Tony Satterthwaite, Senior Vice President at Cummins CMI, reported a large insider sell on November 10, according to a new SEC filing.

What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Thursday showed that Satterthwaite sold 5,000 shares of Cummins. The total transaction amounted to $1,195,358.

Cummins shares are trading up 0.3% at $242.85 at the time of this writing on Friday morning.

Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.

The Importance of Insider Transactions

Insider transactions shouldn’t be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision.

In legal terms, an “insider” refers to any shareholder who owns at least 10% of a company. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.

When a company insider makes a new purchase, that is an indication that they expect the stock to rise.

Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down.

Transaction Codes To Focus On

Investors prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.

Check Out The Full List Of Cummins’s Insider Trades.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

Techyrack Website stock market day trading and youtube monetization and adsense Approval

Adsense Arbitrage website traffic Get Adsense Approval Google Adsense Earnings Traffic Arbitrage YouTube Monetization YouTube Monetization, Watchtime and Subscribers Ready Monetized Autoblog



from Stock Trade Alerts – My Blog https://ift.tt/2M49RkK
via IFTTT

No comments:

Post a Comment

STOCK TRADING ALERTS