4 ms·
How is this legal to just say anything to pump up the stock price?
by jackallis 8y ago
How is this legal to just say anything to pump up the stock price?
- Retric 8y agoSaying things that impact the stock price is a normal part of being the CEO. EX: Drug X failed/passed clinical trials. The limitation is on manipulation of the stock price more so than simply releasing information.
- woodman 8y agoSure, so long as he isn't misleading shareholders - and that generally requires fraudulent filings. I'd say that he is much safer pumping the stock than he was, almost exactly a year ago, when he very publicly stated that he thought the stock was overvalued.
- OscarCunningham 8y agoIt depends on if he actually is considering privitising at $420. Stock manipulation requires an "artificial" price.