Local Bounti Corporation’s (NYSE:LOCL) stock price has dropped 13% in the previous week, but insiders who sold US$628k in stock over the past year have had less luck. Insiders would probably have been better off holding on to their shares given that the average selling price of US$1.17 is still lower than the current share price.
Although we don’t think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.
The Last 12 Months Of Insider Transactions At Local Bounti
In the last twelve months, the biggest single sale by an insider was when…
