An insider at Terra Tech Corp. (OTC:TRTC) submitted a Form 4 to the SEC for a recent sale of shares in the company, often considered to be a bearish signal for companies. Officers and directors of publicly listed companies have the most complete picture of what is going on inside of their organization. Therefore, their transactions in their own company's stock becomes a useful signal for traders and investors to track.
Insider Selling by Board Member
A member of the Board of Directors for Terra Tech, Kenneth P. Krueger, has filed a Statement of Changes in Beneficial Ownership (Form 4) with the SEC on May 18th to report selling in TRTC. On May 15th, Mr. Krueger sold 135,000 shares of TRTC at a price of $0.1881 per share. As of the writing of this article, shares of TRTC are now trading lower at $0.156 per share.
The sale amounted to an divestment of $25,393.50. Following the transactions, Mr. Coleman beneficially owns 175,000 shares of TRTC.
Earlier today, Terra Tech announced that the company is launching a craft cultivation initiative, and has already signed its first partner for the program.
To learn more about Terra Tech, be sure to check out the company's profile in our marijuana stocks database.
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