 Amplify Energy Inc NYSE:AMPY was trading 2.5 higher from the previous closing price. A Form 4 filing filed with the SEC on Tuesday, June 23 showed that Brigade Capital Management, Lp sold 15,000 shares at 1.64 on Friday, Jun 19, and sold 15,000 shares at 1.56 on Monday, Jun 22.The transaction moved the executives stake in Amplify Energy Inc. to 3,788,088 shares.Why Insider Transactions Are Important? Insider transactions shouldnt be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision.When an insider buys stock after an important sell off, that can indicate the insiders faith in the success of the organization. Henceforth, if the stock is bought at new highs, it might be because the insider feels that the stock is not overvalued. Conversely, insiders who are selling stock at new lows can potentially indicate some kind of capitulation moment. Insiders selling at new highs can indicate that exec wants to take some profit and lock in a gain.Transaction Codes To Focus On Investors prefer focusing on transactions which take place in the open market, indicated in the Form 4 with codes P for purchase and S for sale. If the transaction was an open-market transaction, that means that the insider made a concious decision for the companys stock moving forward.Transaction codes besides P or S arent relatively important as they are seldom tied to a decision by the executive. For example, transaction code A is indicative of an insider being forced to sell shares to attain compensation. Moreover, transaction code C indicates the conversion of an option.See more from Benzinga Insider Buys Atlantic Powers Shares Benzingas Top Upgrades, Downgrades For June 23, 2020 Morning Market Stats in 5 MinutesC 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. 