Consumers Bancorp Inc (OTC:CBKM) was trading unchanged from the previous closing price. Parkinson John W filed a Form 4 with the SEC on Thursday, June 18. The insider bought 200 shares at an average price of $14.85. After the transaction, the executive's stake in Consumers Bancorp Inc. moved to 6,200 shares.Why Insider Transactions Are Important? Insider transactions shouldn't 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 insider's 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. Insiders who sell stock at new lows could be anticipating some capitulation moment. If the insider sells at new highs, it could point to the intention 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 * Insider Sells Owl Rock Capital's Shares * Price Over Earnings Overview: NIO * P/E Ratio Insights for Rexahn Pharmaceuticals(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.