3 ms·
His trade was another pretty obvious inside trade (timed the announcement of their successful trials with the scheduled sale)
by validuser 6y ago
His trade was another pretty obvious inside trade (timed the announcement of their successful trials with the scheduled sale)
- Sebguer 6y agoIt was a sale that had been scheduled months previously, and it should by now be obvious that the trial really was successful!
- waheoo 6y agoYou think it's hard to schedule a well timed press release in a way that works in well with your predetermined share sales?
- wpietri 6y agoI don't know about this sale in specific, but isn't it a common trick for execs to schedule sales in advance and then cancel if it turns out not to be the right time to sell?
- fractionalhare 6y agoNo, the SEC also considers that illegal insider trading. They actively monitor for this "trick" and aggressively pursue an investigation if there isn't a very good reason for a scheduled trade to be cancelled.
- kennywinker 6y agoSo he didn't know this was the date that the trail results would be announced months previously?
- Sebguer 6y agoThis chain of thought would make sense if the press release were overly optimistic or otherwise misleading... But he didn't even sell at the peak?
- ALittleLight 6y agoOr he could've influenced the announce date to coincide with his sale.