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Insiders of Bank of America Corporation (NYSE: BAC) sold US$1.0 million worth of stock, raising potential bearish signs.
Many insiders of Bank of America Corporation sold their stock, which may be of interest to the stockholders of the firm.
Knowing if insiders are purchasing as opposed to selling is typically more helpful when examining insider transactions.
But shareholders should pay attention when several insiders sell stock in a short period of time since that can be a warning sign.
But logically, you should still pay attention to whether insiders are purchasing or selling shares.
The largest single insider sale in the previous year occurred when insider Andrew Sieg sold US$831k worth of shares.
Over the past year, insiders at Bank of America have not purchased any shares.