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Board Member At This Financials Company Sells $109K of Stock

John J Morrissey, Board Member at Independent Bank (NASDAQ:INDB), reported a large insider sell on November 7, according to a new SEC filing.

What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Tuesday showed that Morrissey sold 2,000 shares of Independent Bank. The total transaction amounted to $109,180.

Independent Bank shares are trading down 0.0% at $53.13 at the time of this writing on Wednesday morning.

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Why Insider Transactions Are Important

Insider transactions shouldn't be used primarily to make an investing decision, however ...

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