5 ms·

The Kodak Affair was barely two weeks ago so maybe getting caught is a thing of the past but the practice is right in front of our noses.

• Ziggy_Zaggy 6y ago
  Great example! Who committed the indsider trading?
  • jtsiskin 6y ago
    Trading activity the day before the public announcement was 8x higher than the yearly average. https://www.cnbc.com/2020/07/29/kodak-executive-chairman-addresses-jump-in-trading-activity-before-government-deal-was-announced.html https://www.cnbc.com/2020/07/29/kodak-executive-chairman-add...
    • fluffy87 6y ago
      Because the information leaked to the public 2 days before. The moment that happened, the information became public, and then it wasn’t insider trading anymore.
      • jandrese 6y ago
        So insider trading is impossible because as soon as the information is released to a select group of people they are automatically the public?
        • jtsiskin 6y ago
          Yes the line between "information leak" and "insider trading" sounds thin. Information leak sounds like a convenient excuse. The fact that the price jumped when the announcement was made, not when the leak first happened, shows the leak wasn't certain proof.