 Shares of Argo Group International Holdings, Ltd. NYSE:ARGO moved higher by 0.9 from the previous closing price. Rehnberg Kevin James filed a Form 4 with the SEC on Monday, August 17. The insider sold 30,847 shares at 36.12 on Thursday, Aug 13, and bought 32,000 shares at 36.98 on Friday, Aug 14. . After the transactions, the executives stake in Argo Gr Intl Hldgs Inc. movedto 19,953 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.Insiders buying stock after a notable sell off can indicate an insiders long-term belief in the success of the company; insiders buying stock at new highs can be an indication the exec doesnt feel the stock is 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 Wall Street tends to focus on insider transactions which take place in the open market, viewed inside a Form 4 filing via codes P for purchase and S for sale. An open-market transaction means the insider went into the market of their own volition and made an active decision about the potential path for a company and its stock moving forward.Transaction codes other than P or S are often viewed with less conviction as they are often not tied to a decision by the exec. As an example, transaction code C indicates the conversion of an option. Transaction code A indicates the insider may have been forced to sell shares in order to receive compensation the exec was promised upon being hired by a company.See more from Benzinga Earnings Scheduled For August 3, 2020C 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. 